Total metals & mining industry deals for December 2019 worth $7.88bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 14.6% over the previous month and a rise of 65.5% when compared with the last 12-month average of $4.77bn.
In terms of number of deals, the sector saw a drop of 22.9% over the last 12-month average with 84 deals against the average of 109 deals.
In value terms, North America led the activity with deals worth $4.74bn.
Metals & mining industry deals in December 2019: Top deals
The top five metals & mining deals accounted for 82.4% of the overall value during December 2019.
The combined value of the top five metals & mining deals stood at $6.5bn, against the overall value of $7.88bn recorded for the month.
The top five metals & mining industry deals of December 2019 tracked by GlobalData were:
1) Cleveland-Cliffs’ $3bn acquisition of AK Steel Holding
2) The $1.12bn acquisition of PIM Cupric by Jiangxi Copper (Hong Kong) InvestmentLimited
3) Gold Mountains (H.K.) International MiningLimited’s $1.03bn acquisition of Continental Gold
4) The $800m acquisition of Kalgoorlie Lake View by Northern Star Resources
5) Northern Star Resources’ acquisition of Kalgoorlie Consolidated Gold Mines for $550.55m.
Verdict deals analysis methodology
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.
Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.