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  1. Deals Analysis
March 24, 2021

Metals & Mining industry cross border deals total $398.5m globally in February 2021

Total metals & mining industry cross border deals worth $398.5m were announced globally for February 2021, with the $307m asset transaction with Barrick Gold being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 65.04% over the previous month of $1.14bn and a drop of 78.6% when compared with the last 12-month average of $1.86bn.

In terms of number of cross border deals, the sector saw a drop of 23.81% with 32 deals in February 2021 when compared to the last 12-month average of 42 deals.

In value terms, South and Central America led the activity with cross border deals worth $323m in February 2021.

Metals & Mining industry cross border deals in February 2021: Top deals

The top five cross border deals accounted for 95.05% of the overall value during February 2021.

The combined value of the top five cross border deals stood at $378.78m, against the overall value of $398.5m recorded for the month.

The top five metals & mining industry cross border deals of February 2021 tracked by GlobalData were:

1) OZD Asia’s $307m asset transaction with Barrick Gold

2) The $23.28m private equity deal with Newcrest Mining by Allan Gray Australia and Orbis Investment Management

3) Sims’ $22.5m asset transaction with Alumisource

4) The $16m asset transaction deal of RCF VI CAD by Nova Royalty

5) P2 Gold’s asset transaction deal with Borealis Mining for $10m.

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