Total metals & mining industry cross border deals worth $300.26m were announced globally for January 2021, with the $82m asset transaction with Asia Metals being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 81.7% over the previous month of $1.64bn and a drop of 83.2% when compared with the last 12-month average of $1.79bn.
In terms of number of cross border deals, the sector saw a drop of 31.71% with 28 deals in January 2021 when compared to the last 12-month average of 41 deals.
In value terms, North America led the activity with cross border deals worth $111.72m in January 2021.
Metals & Mining industry cross border deals in January 2021: Top deals
The top five cross border deals accounted for 93% of the overall value during January 2021.
The combined value of the top five cross border deals stood at $279.15m, against the overall value of $300.26m recorded for the month.
The top five metals & mining industry cross border deals of January 2021 tracked by GlobalData were:
1) Qiangda Investments & Economics &’s $82m asset transaction with Asia Metals
2) The $76m asset transaction with Government of Henan ProvInce by Henan Found Mining
3) Allied Gold’s $63.36m asset transaction with Endeavour Mining
4) The $33.78m acquisition deal of Sky Pearl Exploration by JCHX Mining Management
5) Nemesia’s acquisition deal with Lundin Gold for $24.01m.
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.