Total metals & mining industry cross border M&A deals worth $1.09bn were announced globally in March 2021, led by Newmont’s $311m acquisition of GT Gold, according to GlobalData’s deals database.
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The value marked an increase of 63.1% over the previous month of $668.16m and a drop of 37.4% when compared with the last 12-month average, which stood at $1.74bn.
Comparing cross border M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $897.04m. At the country level, the Canada topped the list in terms of deal value at $896.99m.
In terms of volumes, North America emerged as the top region for metals & mining industry cross border M&A deals globally, followed by Asia-Pacific and then South and Central America.
The top country in terms of cross border M&A deals activity in March 2021 was Canada with ten deals, followed by the Australia with six and the UK with three.
In 2021, as of March, metals & mining cross border M&A deals worth $2.87bn were announced globally, marking an increase of 40.1% year on year.
metals & mining industry cross border M&A deals in March 2021: Top deals
The top five cross border M&A deals accounted for 92.9% of the overall value during March 2021.
The combined value of the top five metals & mining cross border M&A deals stood at $1.01bn, against the overall value of $1.09bn recorded for the month.
The top five metals & mining industry cross border M&A deals of March 2021 tracked by GlobalData were:
1) Newmont’s $311m acquisition of GT Gold
2) The $290m asset transaction with Capstone Mining by Wheaton Precious Metals International
3) Evolution Mining’s $274.4m acquisition of Battle North Gold
4) The $85.19m acquisition of Trans-Siberian Gold by Horvik
5) Ascend Global Investment Fund’s acquisition of PT Golden Energy Mines for $50m.
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.