Total metals & mining industry deals for Q3 2019 worth $8.84bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 47.9% over the previous quarter and a drop of 56.3% when compared with the last four-quarter average of $20.45bn.
In terms of number of deals, the sector saw a drop of 5.6% over the last four-quarter average with 321 deals against the average of 340 deals.
In value terms, Asia-Pacific led the activity with deals worth $4.47bn.
Metals & mining industry deals in Q3 2019: Top deals
The top five metals & mining deals accounted for 40.4% of the overall value during Q3 2019.
The combined value of the top five metals & mining deals stood at $3.57bn, against the overall value of $8.84bn recorded for the month.
The top five metals & mining industry deals of Q3 2019 tracked by GlobalData were:
1) Anhui Industry Mergers And Acquisitions Fund, Beijing Jinshi Hongyi Equity Investment Fund, GoldStone Investment and Sanxia Jinshi Investment Management’s $1.2bn private equity deal with Hebei Baosteel Canning North
2) The $841.11m asset transaction with ArcelorMittal by Liberty House Group
3) Baosteel Hong Kong InvestmentLimited’s $658.99m acquisition of Maanshan Iron & SteelLimited
4) The $442.81m acquisition of Ningxia Hongdunzi Coal Industry by Beijing Haohua Energy Resource
5) Barrick Gold’s acquisition of Acacia Mining for $428m.
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.