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  1. Deals Analysis
May 6, 2021

Australia’s metals & mining sees a drop of 26.76% in deal activity in Q1 2021

Led by $46.09m acquisition of Paterson Copper, Australia’s metals & mining industry saw a drop of 26.76% in overall deal activity during Q1 2021, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 65 deals worth $183.92m were announced in Q1 2021, compared with the last four-quarter average of 88.75 deals.

M&A was the leading category in the quarter with 62 deals which accounted for 95.4% of all deals.

In second place was private equity with two deals, followed by venture financing with one transactions, respectively accounting for 3.1% and 1.5% of overall deal activity in the Australia’s metals & mining industry during the quarter.

In terms of value of deals, M&A was the leading deal category in Australia’s metals & mining industry with total deals worth $160.05m, while private equity and venture financing deals totalled $23.28m and $0.59m, respectively.

Australia metals & mining industry deals in Q1 2021: Top deals

The top five metals & mining industry deals accounted for 59.9% of the overall value during Q1 2021.

The combined value of the top five metals & mining deals stood at $110.25m, against the overall value of $183.92m recorded for the quarter.

The top five metals & mining industry deals of Q1 2021 tracked by GlobalData were:

1) Cyprium Metals’ $46.09m acquisition of Paterson Copper

2) The $23.28m private equity deal with Newcrest Mining by Allan Gray Australia and Orbis Investment Management

3) Northern Star (Carosue Dam)’s $13.94m asset transaction with Shannon Resources

4) The $13.63m acquisition deal with Big River Gold by Dundee

5) Red Emperor Resources’ asset transaction with Great Northern Palladium for $13.31m.

Related Companies

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.

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