Metals & mining industry M&A deals in February 2020 total $1.26bn globally

Total metals & mining industry M&A deals in February 2020 worth $1.26bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 18.4% over the previous month and a drop of 61.7% when compared with the last 12-month average, which stood at $3.29bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $400.66m. At the country level, South Africa topped the list in terms of deal value at $300m.

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 February 2020 was Canada with 40 deals, followed by Australia with 15 and the US with 12.

In 2020, as of the end of February 2020, metals & mining M&A deals worth $2.32bn were announced globally, marking a decrease of 88.2% year on year.

Metals & mining industry M&A deals in February 2020: Top deals

The top five metals & mining industry M&A deals accounted for 74.6% of the overall value during February 2020.

The combined value of the top five metals & mining M&A deals stood at $939.64m, against the overall value of $1.26bn recorded for the month.

The top five metals & mining industry deals of February 2020 tracked by GlobalData were:

1) Harmony Gold Mining’s $300m acquisition of AngloGold Security ServicesLimited, Covalent Water CompanyLimited, First Uranium (Pty) and Masakhisane InvestmentsLimited

2) The $268m asset transaction with Orion Resource Partners (USA) by Guerrero Ventures

3) Mitsubishi Materials’ $263m asset transaction with Mantos Copper Holding

4) The $59.5m acquisition of Adhunik Metaliks and Zion Steel by GFG Alliance

5) Guerrero Ventures’ asset transaction with Yamana Gold for $49.13m.

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.