Total metals & mining industry deals worth $1.4bn were announced globally for June 2021, with the $624.14m acquisition of Chackmore Unit Trust being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 5.9% over the previous month of $1.52bn and a drop of 64.3% when compared with the last 12-month average of $4.01bn.
In terms of number of deals, the sector saw a drop of 13.11% with 53 deals in June 2021 when compared to the last 12-month average of 61 deals.
In value terms, North America led the activity with deals worth $877.67m in June 2021.
Metals & Mining industry deals in June 2021: Top deals
The top five deals accounted for 83.1% of the overall value during June 2021.
The combined value of the top five deals stood at $1.19bn, against the overall value of $1.4bn recorded for the month.
The top five metals & mining industry deals of June 2021 tracked by GlobalData were:
1) Locrian Holdings’ $624.14m acquisition of Chackmore Unit Trust
2) The $294m acquisition of 33.3% stake in Cerrejon Coal by Glencore
3) Ganfeng International’s $130m acquisition of 50% stake in Lithium du Mali
4) The $75.98m acquisition deal of North American Lithium by Sayona Mining and Sayona Quebec
5) Gold Royalty’s acquisition deal with Ely Gold Royalties for $67.37m.
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.