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.