Metals & mining industry M&A deals in Q3 2020 total $444.85m in Australia

18 November 2020 (Last Updated November 18th, 2020 19:22)

Metals & mining industry M&A deals in Q3 2020 total $444.85m in Australia

Total metals & mining industry M&A deals in Q3 2020 worth $444.85m were announced in Australia, according to GlobalData’s deals database.

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The value marked a decrease of 49% over the previous quarter and a drop of 68.4% when compared with the last four-quarter average of $1.41bn.

Australia held a 6.2% share of the global metals & mining industry M&A deal value that totalled $7.21bn in Q3 2020.

In terms of deal activity, Australia recorded 108 deals during Q3 2020, marking a rise of 33.3% over the previous quarter and a rise of 74.2% over the last four-quarter average.

Australia metals & mining industry M&A deals in Q3 2020: Top deals

The top five metals & mining industry M&A deals accounted for 75.4% of the overall value during Q3 2020.

The combined value of the top five metals & mining M&A deals stood at $335.35m, against the overall value of $444.85m recorded for the month.

The top five metals & mining industry deals of Q3 2020 tracked by GlobalData were:

1) Nord Gold’s $247.16m acquisition of Cardinal Resources

2) The $42.91m acquisition of Millennium Minerals by Novo Resources

3) Auris Minerals’ $16.49m acquisition of Sams Creek Gold

4) The $14.58m asset transaction with Novo Resources by Calidus Resources

5) Calidus Resources’ asset transaction with Novo Resources for $14.21m.

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.