Total metals & mining industry deals worth $3.74bn were announced globally for March 2021, with the $1.66bn private equity deal with Norsk Hydro being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 23.8% over the previous month of $3.02bn and a drop of 26.5% when compared with the last 12-month average of $5.09bn.

In terms of number of deals, the sector saw a drop of 13.16% with 132 deals in March 2021 when compared to the last 12-month average of 152 deals.

In value terms, Europe led the activity with deals worth $1.79bn in March 2021.

Metals & Mining industry deals in March 2021: Top deals

The top five deals accounted for 83.04% of the overall value during March 2021.

The combined value of the top five deals stood at $3.1bn, against the overall value of $3.74bn recorded for the month.

The top five metals & mining industry deals of March 2021 tracked by GlobalData were:

1) KPS Capital Partners‘ $1.66bn private equity deal with Norsk Hydro

2) The $570m acquisition of Jerritt Canyon Gold by First Majestic Silver

3) Newmont’s $311m acquisition of GT Gold

4) The $290m asset transaction deal of Capstone Mining by Wheaton Precious Metals International

5) Evolution Mining’s acquisition deal with Battle North Gold for $274.4m.