Metals & mining industry M&A deals in Q4 2018 total $2.4bn in Australia

14 March 2019 (Last Updated March 15th, 2019 04:51)

Metals & mining industry M&A deals in Q4 2018 total $2.4bn in Australia

Total metals & mining industry M&A deals in Q4 2018 worth $2.4bn were announced in Australia, according to GlobalData’s deals database.

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The value marked an increase of 17.2% over the previous quarter and a rise of 36.6% when compared with the last four-quarter average of $1.76bn.

Australia held a 20.9% share of the global metals & mining industry M&A deal value that totalled $11.52bn in Q4 2018.

In terms of deal activity, Australia recorded 48 deals during Q4 2018, marking a drop of 17.2% over the previous quarter and a drop of 23.8% over the last four-quarter average.

Australia metals & mining industry M&A deals in Q4 2018: Top deals

The top five metals & mining industry M&A deals accounted for 91.2% of the overall value during Q4 2018.

The combined value of the top five metals & mining industry M&A deals stood at $2.19bn, against the overall value of $2.4bn recorded for the quarter. The top announced metals & mining industry M&A deal tracked by GlobalData in Q4 2018 was Albemarle’s $1.15bn asset transaction with Mineral Resources.

In second place was the $538.25m asset transaction with Mitsubishi Development by Glencore Coal and GS Coal and in third place was Press Metal Bintulu’s $178.34m acquisition of Japan Alumina Associates (Australia).

The $165.35m merger of Doray Minerals and Silver Lake Resources and New Hope’s acquisition of Bengalla Mining for $157.12m held fourth and fifth positions, respectively.

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.

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.

 

Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.