Total metals & mining industry deals worth $771.82m were announced globally for February 2021, with the $307m asset transaction with Barrick Gold being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 80.2% over the previous month of $3.9bn and a drop of 84.5% when compared with the last 12-month average of $4.98bn.

In terms of number of deals, the sector saw a drop of 28.86% with 106 deals in February 2021 when compared to the last 12-month average of 149 deals.

In value terms, South and Central America led the activity with deals worth $323m in February 2021.

Metals & Mining industry deals in February 2021: Top deals

The top five deals accounted for 74.7% of the overall value during February 2021.

The combined value of the top five deals stood at $576.8m, against the overall value of $771.82m recorded for the month.

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

1) OZD Asia’s $307m asset transaction with Barrick Gold

2) The $125.38m acquisition of Plateau Energy Metals by American Lithium

3) PT Tanito Harum Nickel’s $68.6m acquisition of PT Infei Metal Industry

4) The $46.09m acquisition deal of Paterson Copper by Cyprium Metals

5) Jiangxi Ganfeng Lithium’s acquisition deal with Sonora Lithium for $29.73m.