Total metals & mining industry cross border deals worth $1.3bn were announced globally for June 2021, with the $624.14m acquisition of Chackmore Unit Trust being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 50.8% over the previous month of $855.25m and a drop of 8.5% when compared with the last 12-month average of $1.41bn.
In terms of number of cross border deals, the sector saw a rise of 25.00% with 25 deals in June 2021 when compared to the last 12-month average of 20 deals.
In value terms, North America led the activity with cross border deals worth $760.12m in June 2021.
Metals & Mining industry cross border deals in June 2021: Top deals
The top five cross border deals accounted for 91.4% of the overall value during June 2021.
The combined value of the top five cross border deals stood at $1.18bn, against the overall value of $1.29bn recorded for the month.
The top five metals & mining industry cross border deals of June 2021 tracked by GlobalData were:
1) Locrian Holdings’ $624.14m acquisition of Chackmore Unit Trust
2) The $294m acquisition of 33.3% stake in Cerrejon Coal by Glencore
3) Ganfeng International’s $130m acquisition of 50% stake in Lithium du Mali
4) The $75.98m acquisition deal of North American Lithium by Sayona Mining and Sayona Quebec
5) Yintai Gold’s acquisition deal with Myanmar Metals for $51.16m.
Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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.