Total metals & mining industry deals for June 2020 worth $3.34bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 35.3% over the previous month and a drop of 17.1% when compared with the last 12-month average of $4.04bn.
In terms of number of deals, the sector saw a rise of 60.2% over the last 12-month average with 173 deals against the average of 108 deals.
In value terms, Asia-Pacific led the activity with deals worth $1.73bn.
Metals & mining industry deals in June 2020: Top deals
The top five metals & mining deals accounted for 64.5% of the overall value during June 2020.
The combined value of the top five metals & mining deals stood at $2.16bn, against the overall value of $3.34bn recorded for the month.
The top five metals & mining industry deals of June 2020 tracked by GlobalData were:
1) Templar Investments’ $1bn private equity deal with Jindal Shadeed Iron & Steel
2) The $548m acquisition of Tibet Julong Copper Industry by Tibet Zijin Industrial
3) Zijin Mining Group’s $238.74m acquisition of Guyana Goldfields
4) The $221.14m acquisition of Cardinal Resources by Shandong Gold Mining
5) Hebei Sitong New Metal Material’s acquisition of Tianjin Alloy for $148.12m.
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.