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

29 December 2020 (Last Updated December 29th, 2020 19:51)

Total metals & mining industry cross border M&A deals worth $1.99bn were announced globally in November 2020, led by Endeavour Mining’s $1.86bn acquisition of Teranga Gold, according to GlobalData’s deals database.

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The value marked a decrease of 98.01% over the previous month and a rise of 6.42% when compared with the last 12-month average, which stood at $1.87bn.

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 $1.88bn. At the country level, the Canada topped the list in terms of deal value at $1.87bn.

In terms of volumes, North America emerged as the top region for metals & mining industry cross border M&A deals globally, followed by Europe and then Middle East and Africa.

The top country in terms of cross border M&A deals activity in November 2020 was Canada with four deals, followed by the Australia with three and the UK with three.

In 2020, as of November, metals & mining cross border M&A deals worth $19.66bn were announced globally, marking an increase of 23.4% year on year.

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

The top five cross border M&A deals accounted for 99.3% of the overall value during November 2020.

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

The top five metals & mining industry cross border M&A 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 of Casa Mining by Middle East Diamond Resources

5) Champion Iron’s asset transaction 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.