Total metals & mining industry deals worth $2.3bn were announced globally for February 2022, with the $525.78m acquisition of Anhui Dahua Oriental Mining and Anhui Sanli MiningLimited being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 47.4% over the previous month of $1.54bn and a drop of 54.05% when compared with the last 12-month average of $4.94bn.
In terms of number of deals, the sector saw a drop of 43.86% with 32 deals in February 2022 when compared to the last 12-month average of 57 deals.
In value terms, Asia-Pacific led the activity with deals worth $1.15bn in February 2022.
metals & mining industry deals in February 2022: Top deals
The top five deals accounted for 66.4% of the overall value during February 2022.
The combined value of the top five deals stood at $1.51bn, against the overall value of $2.3bn recorded for the month.
The top five metals & mining industry deals of February 2022 tracked by GlobalData were:
1) Zhejiang Flat mirror Glass $525.78m acquisition deal with Anhui Dahua Oriental Mining and Anhui Sanli MiningLimited
2) The $400m acquisition of 43.7% stake in Minera Yanacocha by Newmont
3) Centerra (U.S.) $206.5m acquisition deal with Gemfield Resources
4) The $194.67m acquisition of Al Anmaa by Alghad Almutkamel for General Trading and Iron and Steel Metallic Industries
5) China Mining Resources Group $180m acquisition deal with Bikita Minerals
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.