Total metals & mining industry M&A deals in April 2020 worth $1.32bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 57.2% over the previous month and a drop of 62.9% when compared with the last 12-month average, which stood at $3.57bn.
Comparing deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $463.4m. At the country level, Ecuador topped the list in terms of deal value at $460m.
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 2020 was Canada with 29 deals, followed by Australia with 17 and the US with ten.
In 2020, as of the end of April 2020, metals & mining M&A deals worth $9.4bn were announced globally, marking a decrease of 61.2% year on year.
Metals & mining industry M&A deals in April 2020: Top deals
The top five metals & mining industry M&A deals accounted for 79.3% of the overall value during April 2020.
The combined value of the top five metals & mining M&A deals stood at $1.05bn, against the overall value of $1.32bn recorded for the month.
The top five metals & mining industry deals of April 2020 tracked by GlobalData were:
1) Newcrest Mining’s $460m asset transaction with Blackstone Tactical Opportunities Fund, Lundin Gold and Orion Resource Partners (USA)
2) The $300m asset transaction with AngloGold Ashanti by Harmony Gold Mining
3) Nuode Investment’s $119.87m acquisition of Fujian Clear View Copper Foils
4) The $100m asset transaction with U.S. Steel by Stelco
5) Northam Platinum’s acquisition of Zambezi Platinum for $69.04m.
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.
Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.