Total metals & mining industry M&A deals in November 2019 worth $10.34bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 217.2% over the previous month and a rise of 157.2% when compared with the last 12-month average, which stood at $4.02bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $4.32bn. At the country level, Canada topped the list in terms of deal value at $4.31bn.

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.

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By GlobalData

The top country in terms of M&A deals activity in November 2019 was Canada with 32 deals, followed by Australia with 22 and China with nine.

In 2019, as of the end of November 2019, metals & mining M&A deals worth $48.45bn were announced globally, marking a decrease of 46.4% year on year.

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

The top five metals & mining industry M&A deals accounted for 74.7% of the overall value during November 2019.

The combined value of the top five metals & mining M&A deals stood at $7.72bn, against the overall value of $10.34bn recorded for the month.

The top five metals & mining industry deals of November 2019 tracked by GlobalData were:

1) Kirkland Lake Gold’s $3.8bn acquisition of Detour Gold

2) The $1.53bn asset transaction with British Steel by Jingye Steel (UK) Holding and Jingye Steel (UK)

3) Pangang Group Vanadium Titanium and Resources’ $892.95m asset transaction with Pangang Group Xichang Steel and Vanadium

4) The $750m acquisition of Kalgoorlie Consolidated Gold Mines by Saracen Mineral Holdings

5) Saracen Goldfields’ acquisition of Barrick (Australia Pacific) for $750m.

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.