Total metals & mining industry deals for Q3 2020 worth $7.95bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 35.2% over the previous quarter and a drop of 35.6% when compared with the last four-quarter average of $12.4bn.
In terms of number of deals, the sector saw a rise of 51.3% over the last four-quarter average with 528 deals against the average of 349 deals.
In value terms, Asia-Pacific led the activity with deals worth $3.78bn.
Metals & mining industry deals in Q3 2020: Top deals
The top five metals & mining deals accounted for 52.6% of the overall value during Q3 2020.
The combined value of the top five metals & mining deals stood at $4.18bn, against the overall value of $7.95bn recorded for the month.
The top five metals & mining industry deals of Q3 2020 tracked by GlobalData were:
1) The $1.4bn asset transaction of ArcelorMittal USA by Cleveland-Cliffs
2) The $819.43m acquisition of Shougang Jingtang Iron and Steel United by Beijing Shougang
3) QT Vascular’s $732.03m acquisition of Tengri Coal and Energy
4) The $659.75m private equity deal with Doosan Solus by SkyLake Investment
5) Fortiana’s acquisition of Highland Gold Mining for $569.56m.
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.