Metals & mining industry M&A deals in December 2019 total $7.87bn globally

27 January 2020 (Last Updated January 27th, 2020 06:53)

Metals & mining industry M&A deals in December 2019 total $7.87bn globally

Total metals & mining industry M&A deals in December 2019 worth $7.87bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 13.2% over the previous month and a rise of 76.5% when compared with the last 12-month average, which stood at $4.46bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $4.73bn. At the country level, the US topped the list in terms of deal value at $3.02bn.

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 December 2019 was Canada with 15 deals, followed by the US with 12 and Australia with 11.

In 2019, as of the end of December 2019, metals & mining M&A deals worth $55.11bn were announced globally, marking a decrease of 43.6% year on year.

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

The top five metals & mining industry M&A deals accounted for 82.6% of the overall value during December 2019.

The combined value of the top five metals & mining M&A deals stood at $6.5bn, against the overall value of $7.87bn recorded for the month.

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

1) Cleveland-Cliffs’ $3bn acquisition of AK Steel Holding

2) The $1.12bn acquisition of PIM Cupric by Jiangxi Copper (Hong Kong) InvestmentLimited

3) Gold Mountains (H.K.) International MiningLimited’s $1.03bn acquisition of Continental Gold

4) The $800m acquisition of Kalgoorlie Lake View by Northern Star Resources

5) Northern Star Resources’ acquisition of Kalgoorlie Consolidated Gold Mines for $550.55m.

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.