Total metals & mining industry M&A deals in Q4 2019 worth $3.37bn were announced in Australia, according to GlobalData’s deals database.
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The value marked an increase of 367.4% over the previous quarter and a rise of 169.5% when compared with the last four-quarter average of $1.25bn.
Australia held a 16.7% share of the global metals & mining industry M&A deal value that totalled $20.22bn in Q4 2019.
In terms of deal activity, Australia recorded 48 deals during Q4 2019, marking a drop of 22.6% over the previous quarter and a drop of 9.4% over the last four-quarter average.
Australia metals & mining industry M&A deals in Q4 2019: Top deals
The top five metals & mining industry M&A deals accounted for 91.01% of the overall value during Q4 2019.
The combined value of the top five metals & mining M&A deals stood at $3.07bn, against the overall value of $3.37bn recorded for the month.
The top five metals & mining industry deals of Q4 2019 tracked by GlobalData were:
1) Northern Star Resources‘ $800m acquisition of Kalgoorlie Lake View
2) The $750m acquisition of Kalgoorlie Consolidated Gold Mines by Saracen Mineral Holdings
3) Saracen Goldfields’ $750m acquisition of Barrick (Australia Pacific)
4) The $550.55m acquisition of Kalgoorlie Consolidated Gold Mines by Northern Star Resources
5) Independence Group’s acquisition of Panoramic Resources for $215.67m.
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.