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.
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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.