Metals & mining industry M&A deals in Q2 2020 total $681.76m in Australia

28 July 2020 (Last Updated July 28th, 2020 13:59)

Metals & mining industry M&A deals in Q2 2020 total $681.76m in Australia

Total metals & mining industry M&A deals in Q2 2020 worth $681.76m were announced in Australia, according to GlobalData’s deals database.

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The value marked an increase of 1.6% over the previous quarter and a drop of 51.5% when compared with the last four-quarter average of $1.41bn.

Australia held a 7.7% share of the global metals & mining industry M&A deal value that totalled $8.86bn in Q2 2020.

In terms of deal activity, Australia recorded 80 deals during Q2 2020, marking a rise of 37.9% over the previous quarter and a rise of 48.2% over the last four-quarter average.

Australia metals & mining industry M&A deals in Q2 2020: Top deals

The top five metals & mining industry M&A deals accounted for 75.3% of the overall value during Q2 2020.

The combined value of the top five metals & mining M&A deals stood at $513.62m, against the overall value of $681.76m recorded for the month.

The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:

1) Shandong Gold Mining’s $221.14m acquisition of Cardinal Resources

2) The $113.11m acquisition of Stanmore Coal by Golden Energy and Resources

3) Aeris Resources’ $86.52m asset transaction with Evolution Mining

4) The $51.91m acquisition of Cassini Resources by OZ Minerals

5) Perseus Mining’s acquisition of Exore Resources for $40.94m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.