Australia’s metals & mining industry saw a drop of 29.03% in overall deal activity during March 2021, when compared with the last 12-month average, led by Northern Star (Carosue Dam)’s $13.94m asset transaction with Shannon Resources, according to GlobalData’s deals database.
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A total of 22 deals worth $58.84m were announced in March 2021, compared with the 12-month average of 31 deals.
M&A was the leading category in the month in terms of volume with 21 deals, which accounted for 95.5% of all deals.
In second place was private equity with one deal accounting for 4.6% of overall deal activity in the Australia’s technology industry during the month.
In terms of value of deals, M&A was the leading deal category in Australia’s metals & mining industry with total deals worth $58.84m.
Australia metals & mining industry deals in March 2021: Top deals
The top five metals & mining industry deals accounted for 73.2% of the overall value during March 2021.
The combined value of the top five metals & mining deals stood at $43.06m, against the overall value of $58.84m recorded for the month.
The top five metals & mining industry deals of March 2021 tracked by GlobalData were:
1) Northern Star (Carosue Dam)’s $13.94m asset transaction with Shannon Resources
2) The $13.31m asset transaction with Great Northern Palladium by Red Emperor Resources
3) Vox Royalty’s $8.39m acquisition of Horizon Minerals
4) The $5.68m asset transaction deal with Gibb River Diamonds by Burgundy Diamond Mines
5) Firefly Resources’ asset transaction with Forrestania Resources for $1.74m.