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.
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.