Total metals & mining industry M&A deals in June 2019 worth $1.04bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 60.9% over the previous month and a drop of 84.6% when compared with the last 12-month average, which stood at $6.73bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $676.94m. At the country level, China topped the list in terms of deal value at $435.41m.
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 June 2019 was Canada with 21 deals, followed by Australia with 18 and China with eight.
In 2019, as of the end of June 2019, metals & mining M&A deals worth $27.8bn were announced globally, marking a decrease of 36.6% year on year.
Metals & mining industry M&A deals in June 2019: Top deals
The top five metals & mining industry M&A deals accounted for 63.6% of the overall value during June 2019.
The combined value of the top five metals & mining industry M&A deals stood at $659.94m, against the overall value of $1.04bn recorded for the month. The top announced metals & mining industry M&A deal tracked by GlobalData in June 2019 was Shandong Gold Mining’s $324.2m acquisition of Shanjin Jinkong Capital Management.
In second place was the $116.16m acquisition of MOD Resources by Sandfire Resources and in third place was Saudi Arabian Mining’s $100m stake acquisition of Maaden Rolling.
The $86.62m stake acquisition of Yongxing Special Stainless Steel by Zhejiang Jiuli Hi-Tech Metals and Macmahon Holdings’ acquisition of GF Holdings WA for $32.96m held fourth and fifth positions, respectively.
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.