Total metals & mining industry deals for September 2020 worth $3.55bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 122.5% over the previous month and a drop of 10.7% when compared with the last 12-month average of $3.98bn.

In terms of number of deals, the sector saw a rise of 21.9% over the last 12-month average with 156 deals against the average of 128 deals.

In value terms, North America led the activity with deals worth $1.71bn.

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By GlobalData

Metals & mining industry deals in September 2020: Top deals

The top five metals & mining deals accounted for 82.9% of the overall value during September 2020.

The combined value of the top five metals & mining deals stood at $2.95bn, against the overall value of $3.55bn recorded for the month.

The top five metals & mining industry deals of September 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) Shandong Gold Mining’s $442.81m acquisition of Hengxing Gold

4) The $156m asset transaction with Standard Metallurgical by KAM Steel Integrated

5) JSC Polyus Krasnoyarsk’s acquisition of SL Gold for $128.2m.

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.