Total metals & mining industry M&A deals in December 2020 worth $5.71bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 19.8% over the previous month and a rise of 26.3% when compared with the last 12-month average, which stood at $4.52bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.95bn. At the country level, Canada topped the list in terms of deal value at $2.15bn.
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 2020 was Canada with 50 deals, followed by Australia with 27 and the US with 14.
In 2020, as of the end of December 2020, metals & mining M&A deals worth $51.23bn were announced globally, marking a decrease of 7.2% year on year.
Metals & mining industry M&A deals in December 2020: Top deals
The top five metals & mining industry M&A deals accounted for 72.9% of the overall value during December 2020.
The combined value of the top five metals & mining M&A deals stood at $4.16bn, against the overall value of $5.71bn recorded for the month.
The top five metals & mining industry deals of December 2020 tracked by GlobalData were:
1) Sandvik’s $1.15bn acquisition of DSI Underground
2) The $1.14bn acquisition of Golder Associates by WSP Global
3) U.S. Steel’s $774m acquisition of Big River Steel LLC (Steel DevelopmentLLC)
4) The $550m asset transaction with Freeport-McMoRan by China Molybdenum
5) Equinox Gold’s acquisition of Premier Gold Mines for $549.45m.
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.