Metals & Mining industry cross border deals total $1.99bn globally in November 2020

29 December 2020 (Last Updated December 29th, 2020 19:46)

Total metals & mining industry cross border deals worth $1.99bn were announced globally for November 2020, with Endeavour Mining’s $1.86bn acquisition of Teranga Gold being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 62.87% over the previous month and a drop of 0.5% when compared with the last 12-month average of $2bn.

In terms of number of cross border deals, the sector saw a drop of 31.71% with 28 deals in November 2020 when compared to the last 12-months average of  41 deals.

In value terms, North America led the activity with cross border deals worth $1.88bn in November 2020.

metals & mining industry cross border deals in November 2020: Top deals

The top five cross border deals accounted for 99.2% of the overall value during November 2020.

The combined value of the top five cross border deals stood at $1.97bn, against the overall value of $1.99bn recorded for the month.

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

1) Endeavour Mining’s $1.86bn acquisition of Teranga Gold

2) The $55m asset transaction with South32 by Elemental Royalties

3) China Hanking Holdings’ $28.87m acquisition of Emerald Planet

4) The $15m acquisition deal of Casa Mining by Middle East Diamond Resources

5) Champion Iron’s asset transaction deal with Deloitte Restructuring for $15m.

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.