Total metals & mining industry deals for April 2019 worth $2.38bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 37.9% over the previous month and a drop of 70.2% when compared with the last 12-month average of $7.97bn.

In terms of number of deals, the sector saw a drop of 7.3% over the last 12-month average with 102 deals against the average of 110 deals.

In value terms, North America led the activity with deals worth $1.23bn.

Metals & mining industry deals in April 2019: Top deals

The top five metals & mining deals accounted for 92.8% of the overall value during April 2019.

The combined value of the top five metals & mining deals stood at $2.2bn, against the overall value of $2.38bn recorded for the month. The top announced metals & mining deal tracked by GlobalData in April 2019 was Wieland-Werke’s $1.14bn acquisition of Global Brass and Copper.

In second place was the $800m acquisition of Mineracao Maraca Industria e Comercio by Lundin Mining and in third place was China Hanking Holdings’ $151.95m acquisition of Tuochuan (Hong Kong).

The $75.99m acquisition of Qifeng Mining Industry by Chifeng Jilong Gold Mining and AMCI Euro Holdings’ stake acquisition of Jupiter Mines for $31.6m held fourth and fifth positions, respectively.

This analysis considers only announced and completed 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.