Metals & mining industry M&A deals in Q3 2019 total $719.22m in Australia

27 November 2019 (Last Updated November 27th, 2019 06:44)

Metals & mining industry M&A deals in Q3 2019 total $719.22m in Australia

Total metals & mining industry M&A deals in Q3 2019 worth $719.22m were announced in Australia, according to GlobalData’s deals database.

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The value marked a decrease of 16.4% over the previous quarter and a drop of 53.4% when compared with the last four-quarter average of $1.54bn.

Australia held a 10.3% share of the global metals & mining industry M&A deal value that totalled $6.98bn in Q3 2019.

In terms of deal activity, Australia recorded 62 deals during Q3 2019, marking a rise of 31.9% over the previous quarter and a rise of 21.6% over the last four-quarter average.

Australia metals & mining industry M&A deals in Q3 2019: Top deals

The top five metals & mining industry M&A deals accounted for 77.1% of the overall value during Q3 2019.

The combined value of the top five metals & mining M&A deals stood at $554.31m, against the overall value of $719.22m recorded for the month.

The top five metals & mining industry deals of Q3 2019 tracked by GlobalData were:

1) Winfield Group Investments’ $299.47m acquisition of Stanmore Coal

2) The $130.09m acquisition of Echo Resources by Northern Star Resources

3) Whitehaven Coal’s $72m acquisition of EDF Trading Australia

4) The $35.9m acquisition of Egan Street Resources by Silver Lake Resources

5) Regis Resources’ asset transaction with Duketon Mining for $16.85m.

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.