Metals & Mining industry cross border deals total $1.63bn globally in December 2020

19 January 2021 (Last Updated February 12th, 2021 07:37)

Total metals & mining industry cross border deals worth $1.63bn were announced globally for December 2020, with the $1.15bn acquisition of DSI Underground being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 20.1% over the previous month of $2.04bn and a drop of 12.8% when compared with the last 12-month average of $1.87bn.

In terms of number of cross border deals, the sector saw a drop of 21.95% with 32 deals in December 2020 when compared to the last 12-month average of 41 deals.

In value terms, Europe led the activity with cross border deals worth $1.18bn in December 2020.

Metals & Mining industry cross border deals in December 2020: Top deals

The top five cross border deals accounted for 95.1% of the overall value during December 2020.

The combined value of the top five cross border deals stood at $1.55bn, against the overall value of $1.63bn recorded for the month.

The top five metals & mining industry cross border deals of December 2020 tracked by GlobalData were:

1) Sandvik’s $1.15bn acquisition of DSI Underground

2) The $225m acquisition of Greenstone Gold Mines GP by Orion Mine Finance

3) Chijin International (HK)’s $105m asset transaction with Resolute Mining

4) The $36.69m acquisition deal of SBQ Steels by Liberty House Group

5) Hargreaves Raw Material Services’ asset transaction deal with Hargreaves Services for $32.28m.

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.