Total metals & mining industry M&A deals in August 2020 worth $1.56bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 49.6% over the previous month and a drop of 57.4% when compared with the last 12-month average, which stood at $3.66bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.08bn. At the country level, Singapore topped the list in terms of deal value at $732.03m.
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 South and Central America.
The top country in terms of M&A deals activity in August 2020 was Canada with 71 deals, followed by Australia with 33 and the US with 13.
In 2020, as of the end of August 2020, metals & mining M&A deals worth $22.12bn were announced globally, marking a decrease of 33.4% year on year.
Metals & mining industry M&A deals in August 2020: Top deals
The top five metals & mining industry M&A deals accounted for 74.8% of the overall value during August 2020.
The combined value of the top five metals & mining M&A deals stood at $1.16bn, against the overall value of $1.56bn recorded for the month.
The top five metals & mining industry deals of August 2020 tracked by GlobalData were:
1) QT Vascular’s $732.03m acquisition of Tengri Coal and Energy
2) The $230.22m acquisition of Jianxin Coal & Chemical by Shaanxi Heimao Coking
3) Liberty Galati’s $76.96m asset transaction with Ascoval and Hayange
4) The $75m asset transaction with Kirkland Lake Gold by Newmont
5) Premier Gold Mines USA and Premier Gold Mines’ acquisition of Osgood MiningLLC for $50m.
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.