Total metals & mining industry deals for November 2020 worth $4.24bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 43.6% over the previous month and a drop of 9.4% when compared with the last 12-month average of $4.69bn.
In terms of number of deals, the sector saw a drop of 19.6% over the last 12-month average with 111 deals against the average of 138 deals.
In value terms, North America led the activity with deals worth $2.78bn.
Metals & mining industry deals in November 2020: Top deals
The top five metals & mining deals accounted for 87.4% of the overall value during November 2020.
The combined value of the top five metals & mining deals stood at $3.71bn, against the overall value of $4.24bn recorded for the month.
The top five metals & mining industry deals of November 2020 tracked by GlobalData were:
1) Endeavour Mining’s $1.86bn acquisition of Teranga Gold
2) The $880.63m acquisition of AO UCC Yuzhkuzbassugol by PAO Raspadskaya
3) Kaiser Aluminum’s $670m acquisition of Alcoa Warrick
4) The $150m acquisition of Monarch Gold by Yamana Gold
5) Aurelia Metals’ acquisition of Dargues Gold Mine for $148.81m.
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.