Metals & mining industry M&A deals in May 2019 total $2.62bn globally

19 June 2019 (Last Updated June 19th, 2019 08:14)

Metals & mining industry M&A deals in May 2019 total $2.62bn globally

Total metals & mining industry M&A deals in May 2019 worth $2.62bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 7.2% over the previous month and a drop of 65.8% when compared with the last 12-month average, which stood at $7.67bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $863.48m. At the country level, Canada topped the list in terms of deal value at $831.25m.

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 May 2019 was Canada with 38 deals, followed by Australia with ten and the US with ten.

In 2019, as of the end of May 2019, metals & mining M&A deals worth $26.85bn were announced globally, marking a decrease of 29% year on year.

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

The top five metals & mining industry M&A deals accounted for 67.7% of the overall value during May 2019.

The combined value of the top five metals & mining industry M&A deals stood at $1.77bn, against the overall value of $2.62bn recorded for the month. The top announced metals & mining industry M&A deal tracked by GlobalData in May 2019 was St. Barbara’s $596.22m acquisition of Atlantic Gold.

In second place was the $546.33m acquisition of Kidman Resources by Wesfarmers and in third place was Abinsk Electric Steel Works’ $215m asset transaction with PAO Severstal.

The $212.15m stake acquisition of Acacia Mining by Barrick Gold and Gree Electric Appliancesof Zhuhai’s acquisition of Nanjing Walsin Metal for $202.91m 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.