Total metals & mining industry deals for May 2019 worth $2.67bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 7.8% over the previous month and a drop of 65.6% when compared with the last 12-month average of $7.77bn.
In terms of number of deals, the sector saw a rise of 0.9% over the last 12-month average with 113 deals against the average of 112 deals.
In value terms, North America led the activity with deals worth $908.23m.
Metals & mining industry deals in May 2019: Top deals
The top five metals & mining deals accounted for 66.3% of the overall value during May 2019.
The combined value of the top five metals & mining deals stood at $1.77bn, against the overall value of $2.67bn recorded for the month. The top announced metals & mining deal tracked by GlobalData in May 2019 was St. Barbara’s $596.22m acquisition of Atlantic Gold.
In second place was the $546.33m acquisition of Kidman Resources by Wesfarmers and in third place was Abinsk Electric Steel Works’ $215m asset transaction with PAO Severstal.
The $212.15m stake acquisition of Acacia Mining by Barrick Gold and Gree Electric Appliances’ acquisition of Nanjing Walsin Metal for $202.91m 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.