Total metals & mining industry deals for June 2019 worth $2.2bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 19.6% over the previous month and a drop of 67.9% when compared with the last 12-month average of $6.84bn.
In terms of number of deals, the sector saw a drop of 13.5% over the last 12-month average with 96 deals against the average of 111 deals.
In value terms, Asia-Pacific led the activity with deals worth $982.94m.
Metals & mining industry deals in June 2019: Top deals
The top five metals & mining deals accounted for 63.1% of the overall value during June 2019.
The combined value of the top five metals & mining deals stood at $1.38bn, against the overall value of $2.2bn recorded for the month. The top announced metals & mining deal tracked by GlobalData in June 2019 was Pala Investments’ $373.59m private equity deal with Cobalt 27 Capital.
In second place was the $324.2m acquisition of Shanjin Jinkong Capital Management by Shandong Gold Mining and in third place was Cactus Private Equity and KG Steel’s $306m private equity deal with Dongbu Steel.
The $231m private equity deal with Silverac Stella (Cayman) by Ningbo Co-Created Lian Ying Equity Investment Fund and Allseas Group’s venture financing of DeepGreen Resources for $150m held fourth and fifth positions, respectively.
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.