Metals & mining industry M&A deals in April 2019 total $2.36bn globally

20 May 2019 (Last Updated May 20th, 2019 11:27)

Metals & mining industry M&A deals in April 2019 total $2.36bn globally

Total metals & mining industry M&A deals in April 2019 worth $2.36bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 45.6% over the previous month and a drop of 70% when compared with the last 12-month average, which stood at $7.87bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.22bn. At the country level, the US topped the list in terms of deal value at $1.18bn.

In terms of volumes, North America emerged as the top region for metals & mining industry M&A deals globally, followed by Asia-Pacific and then Europe.

The top country in terms of M&A deals activity in April 2019 was Canada with 26 deals, followed by Australia with 16 and the US with 16.

In 2019, as of the end of April 2019, metals & mining M&A deals worth $24.05bn were announced globally, marking a decrease of 0.2% year on year.

Metals & mining industry M&A deals in April 2019: Top deals

The top five metals & mining industry M&A deals accounted for 93.3% of the overall value during April 2019.

The combined value of the top five metals & mining industry M&A deals stood at $2.2bn, against the overall value of $2.36bn recorded for the month. The top announced metals & mining industry M&A deal tracked by GlobalData in April 2019 was Wieland-Werke’s $1.14bn acquisition of Global Brass and Copper.

In second place was the $800m acquisition of Mineracao Maraca Industria e Comercio by Lundin Mining and in third place was China Hanking Holdings’ $151.95m acquisition of Tuochuan (Hong Kong).

The $75.99m acquisition of Qifeng Mining Industry by Chifeng Jilong Gold Mining and AMCI Euro Holdings’ stake acquisition of Jupiter Mines for $31.6m held fourth and fifth positions, respectively.

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.