Total metals & mining industry M&A deals in February 2019 worth $1.77bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 90.1% over the previous month and a drop of 80.1% when compared with the last 12-month average, which stood at $8.89bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $922.55m. At the country level, Australia topped the list in terms of deal value at $738.38m.
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 February 2019 was Canada with 35 deals, followed by Australia with 15 and the US with 15.
In 2019, as of the end of February 2019, metals & mining M&A deals worth $19.6bn were announced globally, marking an increase of 175.7% year on year.
Metals & mining industry M&A deals in February 2019: Top deals
The top five metals & mining industry M&A deals accounted for 68.7% of the overall value during February 2019.
The combined value of the top five metals & mining industry M&A deals stood at $1.22bn, against the overall value of $1.77bn recorded for the month. The top announced metals & mining industry M&A deal tracked by GlobalData in February 2019 was Hancock Corporation’s $591m acquisition of Riversdale Resources.
In second place was the $271.26m acquisition of SunCoke Energy Partners by SunCoke Energy and in third place was Western Coal Acquisition Partners’ $215m asset transaction with Westmoreland Resource Partners.
The $78.45m acquisition of Nzuri Copper by Xuchen International and Voyager IP’s acquisition of UC Resources for $60m held fourth and fifth positions, respectively.
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.
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.