Metals & mining industry M&A deals in June 2020 total $2.21bn globally

24 July 2020 (Last Updated July 24th, 2020 14:21)

Metals & mining industry M&A deals in June 2020 total $2.21bn globally

Total metals & mining industry M&A deals in June 2020 worth $2.21bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 53.4% over the previous month and a drop of 37.9% when compared with the last 12-month average, which stood at $3.56bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.61bn. At the country level, China topped the list in terms of deal value at $972.32m.

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 2020 was Canada with 66 deals, followed by Australia with 40 and the US with 17.

In 2020, as of the end of June 2020, metals & mining M&A deals worth $17.16bn were announced globally, marking a decrease of 39.6% year on year.

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

The top five metals & mining industry M&A deals accounted for 58.7% of the overall value during June 2020.

The combined value of the top five metals & mining M&A deals stood at $1.3bn, against the overall value of $2.21bn recorded for the month.

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

1) Tibet Zijin Industrial’s $548m acquisition of Tibet Julong Copper Industry

2) The $238.74m acquisition of Guyana Goldfields by Zijin Mining Group

3) Shandong Gold Mining’s $221.14m acquisition of Cardinal Resources

4) The $148.12m acquisition of Tianjin Alloy by Hebei Sitong New Metal Material

5) BW Gold’s asset transaction with New Gold for $141.79m.

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.