Total metals & mining industry deals for October 2019 worth $1.77bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 32.01% over the previous month and a drop of 59.8% when compared with the last 12-month average of $4.41bn.
In terms of number of deals, the sector saw a drop of 19.6% over the last 12-month average with 90 deals against the average of 112 deals.
In value terms, North America led the activity with deals worth $1.49bn.
Metals & mining industry deals in October 2019: Top deals
The top five metals & mining deals accounted for 92.3% of the overall value during October 2019.
The combined value of the top five metals & mining deals stood at $1.63bn, against the overall value of $1.77bn recorded for the month.
The top five metals & mining industry deals of October 2019 tracked by GlobalData were:
1) Impala Platinum Holdings’ $751.02m acquisition of North American Palladium
2) The $700m acquisition of Big River Steel LLC (Steel DevelopmentLLC) by United States Steel
3) Africa Coal Partners’ $103.7m acquisition of Mbuyelo Coal Proprietary
4) The $56.3m asset transaction with BioLantanidos by Hochschild Mining
5) TerraCom’s acquisition of Universal Coal for $23.72m.
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.