Total metals & mining industry cross border M&A deals worth $300.26m were announced globally in January 2021, led by Qiangda Investments & Economics &’s $82m asset transaction with Asia Metals, 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 81.9% when compared with the last 12-month average, which stood at $1.66bn.
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 $111.72m. At the country level, the Mexico topped the list in terms of deal value at $82m.
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 Europe.
The top country in terms of cross border M&A deals activity in January 2021 was Australia with five deals, followed by the US with five and Canada with four.
In 2021, as of January, metals & mining cross border M&A deals worth $300.26m were announced globally, marking an increase of 3.6% year on year.
metals & mining industry cross border M&A deals in January 2021: Top deals
The top five cross border M&A deals accounted for 93% of the overall value during January 2021.
The combined value of the top five metals & mining cross border M&A deals stood at $279.15m, against the overall value of $300.26m recorded for the month.
The top five metals & mining industry cross border M&A 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 of Sky Pearl Exploration by JCHX Mining Management
5) Nemesia’s acquisition of Lundin Gold for $24.01m.
