Metals & mining industry M&A deals in March 2019 total $2.2bn globally

24 April 2019 (Last Updated April 24th, 2019 10:28)

Metals & mining industry M&A deals in March 2019 total $2.2bn globally

Total metals & mining industry M&A deals in March 2019 worth $2.2bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 18.2% over the previous month and a drop of 74.8% when compared with the last 12-month average, which stood at $8.73bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.25bn. At the country level, Canada topped the list in terms of deal value at $823.45m.

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 March 2019 was Canada with 41 deals, followed by Australia with 24 and the US with 11.

In 2019, as of the end of March 2019, metals & mining M&A deals worth $22.18bn were announced globally, marking an increase of 15.02% year on year.

Metals & mining industry M&A deals in March 2019: Top deals

The top five metals & mining industry M&A deals accounted for 89.9% of the overall value during March 2019.

The combined value of the top five metals & mining industry M&A deals stood at $1.97bn, against the overall value of $2.2bn recorded for the month. The top announced metals & mining industry M&A deal tracked by GlobalData in March 2019 was Newcrest Mining’s $806.5m asset transaction with Imperial Metals.

In second place was the $575m asset transaction with Glencore by Aeris Resources and in third place was Jiangxi Copper’s $443.84m acquisition of Yantai Hengbang Group.

The $75m asset transaction with United Copper & Moly by HudBay Minerals and China Hongxing Sports’ acquisition of MMJV for $73.91m 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. 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.