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.