Metals & mining industry M&A deals in July 2020 total $2.07bn globally

3 September 2020 (Last Updated September 7th, 2020 08:42)

Metals & mining industry M&A deals in July 2020 total $2.07bn globally

Total metals & mining industry M&A deals in July 2020 worth $2.07bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 8.3% over the previous month and a drop of 43.2% when compared with the last 12-month average, which stood at $3.65bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $926.93m. At the country level, the UK topped the list in terms of deal value at $762.17m.

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 July 2020 was Canada with 69 deals, followed by Australia with 43 and the US with 24.

In 2020, as of the end of July 2020, metals & mining M&A deals worth $19.28bn were announced globally, marking a decrease of 38.7% year on year.

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

The top five metals & mining industry M&A deals accounted for 59.8% of the overall value during July 2020.

The combined value of the top five metals & mining M&A deals stood at $1.24bn, against the overall value of $2.07bn recorded for the month.

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

1) Fortiana’s $569.56m acquisition of Highland Gold Mining

2) The $253.08m acquisition of Cardinal Resources by Nord Gold

3) Grupo Industrial CL’s $163.83m acquisition of Grupo Gallardo Balboa S.L

4) The $139.62m acquisition of Chifeng Yubang Mining by Zarva Technology (Group)(Inactive)

5) Auryn Resources’ acquisition of Eastmain Resources for $112.92m.

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.