Metals & mining industry M&A deals in August 2019 total $1.86bn globally

20 September 2019 (Last Updated September 20th, 2019 11:51)

Metals & mining industry M&A deals in August 2019 total $1.86bn globally

Total metals & mining industry M&A deals in August 2019 worth $1.86bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 36.5% over the previous month and a drop of 65.9% when compared with the last 12-month average, which stood at $5.47bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $928.87m. At the country level, Australia topped the list in terms of deal value at $639.04m.

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 Middle East and Africa.

The top country in terms of M&A deals activity in August 2019 was Canada with 26 deals, followed by Australia with 24 and the US with 12.

In 2019, as of the end of August 2019, metals & mining M&A deals worth $34.22bn were announced globally, marking a decrease of 47.6% year on year.

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

The top five metals & mining industry M&A deals accounted for 67.3% of the overall value during August 2019.

The combined value of the top five metals & mining M&A deals stood at $1.26bn, against the overall value of $1.86bn recorded for the month.

The top five metals & mining industry deals of August 2019 tracked by GlobalData were:

1) Al Ezz Dekheila Steel’s $423.78m acquisition of Al Ezz Flat Steel

2) The $299.47m acquisition of Stanmore Coal by Winfield Group Investments

3) Jiangsu Fuda Enterprise InvestmentLimited’s $277m acquisition of Haicheng Haiming MiningLimited

4) The $130.09m acquisition of Echo Resources by Northern Star Resources

5) Al Ezz Dekheila Steel’s acquisition of Al Ezz Rolling Mills for $124.85m.

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.