Metals & mining industry deals in October 2020 total $7.52bn globally

1 December 2020 (Last Updated December 1st, 2020 17:15)

Metals & mining industry deals in October 2020 total $7.52bn globally

Total metals & mining industry deals for October 2020 worth $7.52bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 23.7% over the previous month and a rise of 77.05% when compared with the last 12-month average of $4.25bn.

In terms of number of deals, the sector saw a rise of 4.5% over the last 12-month average with 139 deals against the average of 133 deals.

In value terms, Asia-Pacific led the activity with deals worth $6.61bn.

Metals & mining industry deals in October 2020: Top deals

The top five metals & mining deals accounted for 86.7% of the overall value during October 2020.

The combined value of the top five metals & mining deals stood at $6.52bn, against the overall value of $7.52bn recorded for the month.

The top five metals & mining industry deals of October 2020 tracked by GlobalData were:

1) Northern Star Resources’ $4.11bn acquisition of Saracen Mineral Holdings

2) The $1.52bn private equity deal with Thiess by Elliott Advisors (UK)

3) Nickel Mines’ $490m asset transaction with Shanghai Decent Investment Group

4) The $223m acquisition of Imerys Talc America, Imerys Talc Canada and Imerys Talc Vermont by Magris Resources

5) Pilbara Minerals’ acquisition of Altura Lithium Operations for $175m.

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.