Total metals & mining industry cross border M&A deals worth $372.05m were announced globally in February 2021, led by OZD Asia’s $307m asset transaction with Barrick Gold, according to GlobalData’s deals database.
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The value marked a decrease of 66.5% over the previous month of $1.11bn and a drop of 78.5% when compared with the last 12-month average, which stood at $1.73bn.
Comparing cross border M&A deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $323m. At the country level, the Peru topped the list in terms of deal value at $307m.
In terms of volumes, North America emerged as the top region for metals & mining industry cross border M&A deals globally, followed by Middle East and Africa and then South and Central America.
The top country in terms of cross border M&A deals activity in February 2021 was the US with eight deals, followed by the South Africa with four and Peru with two.
In 2021, as of February, metals & mining cross border M&A deals worth $1.48bn were announced globally, marking an increase of 53.8% year on year.
metals & mining industry cross border M&A deals in February 2021: Top deals
The top five cross border M&A deals accounted for 97.6% of the overall value during February 2021.
The combined value of the top five metals & mining cross border M&A deals stood at $362.96m, against the overall value of $372.05m recorded for the month.
The top five metals & mining industry cross border M&A deals of February 2021 tracked by GlobalData were:
1) OZD Asia’s $307m asset transaction with Barrick Gold
2) The $22.5m asset transaction with Alumisource by Sims
3) Nova Royalty’s $16m asset transaction with RCF VI CAD
4) The $10m asset transaction with Borealis Mining by P2 Gold
5) Volt Resources’ acquisition of ZG Group for $7.46m.