Metals & mining industry deals in Q4 2019 total $20.42bn globally

21 February 2020 (Last Updated February 24th, 2020 13:29)

Metals & mining industry deals in Q4 2019 total $20.42bn globally

Total metals & mining industry deals for Q4 2019 worth $20.42bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 80.4% over the previous quarter and a rise of 61.3% when compared with the last four-quarter average of $12.85bn.

In terms of number of deals, the sector saw a drop of 14.9% over the last four-quarter average with 291 deals against the average of 342 deals.

In value terms, North America led the activity with deals worth $10.71bn.

Metals & mining industry deals in Q4 2019: Top deals

The top five metals & mining deals accounted for 51.2% of the overall value during Q4 2019.

The combined value of the top five metals & mining deals stood at $10.45bn, against the overall value of $20.42bn recorded for the month.

The top five metals & mining industry deals of Q4 2019 tracked by GlobalData were:

1) Kirkland Lake Gold's $3.8bn acquisition of Detour Gold

2) The $3bn acquisition of AK Steel Holding by Cleveland-Cliffs

3) PT Indonesia Asahan Aluminium's $1.5bn acquisition of PT Vale Indonesia

4) The $1.12bn acquisition of PIM Cupric by Jiangxi Copper (Hong Kong) InvestmentLimited

5) Gold Mountains (H.K.) International MiningLimited's acquisition of Continental Gold for $1.03bn.

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.