Metals & mining industry deals in Q2 2020 total $10.43bn globally

Total metals & mining industry deals for Q2 2020 worth $10.43bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 18.6% over the previous quarter and a drop of 10.8% when compared with the last four-quarter average of $11.7bn.

In terms of number of deals, the sector saw a rise of 25.2% over the last four-quarter average with 408 deals against the average of 326 deals.

In value terms, Asia-Pacific led the activity with deals worth $4.76bn.

Metals & mining industry deals in Q2 2020: Top deals

The top five metals & mining deals accounted for 57% of the overall value during Q2 2020.

The combined value of the top five metals & mining deals stood at $5.94bn, against the overall value of $10.43bn recorded for the month.

The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:

1) Vedanta Resources’ $2.15bn acquisition of Vedanta

2) The merger of Alacer Gold and SSR Mining for $1.78bn

3) Templar Investments’ $1bn private equity deal with Jindal Shadeed Iron & Steel

4) The $548m acquisition of Tibet Julong Copper Industry by Tibet Zijin Industrial

5) Newcrest Mining’s asset transaction with Blackstone Tactical Opportunities Fund, Lundin Gold and Orion Resource Partners (USA) for $460m

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.