Metals & mining industry M&A deals in October 2019 total $1.76bn globally

21 November 2019 (Last Updated November 21st, 2019 10:25)

Metals & mining industry M&A deals in October 2019 total $1.76bn globally

Total metals & mining industry M&A deals in October 2019 worth $1.76bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 11.1% over the previous month and a drop of 57% when compared with the last 12-month average, which stood at $4.09bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.49bn. At the country level, Canada topped the list in terms of deal value at $776m.

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 October 2019 was Canada with 32 deals, followed by the US with 15 and Australia with 13.

In 2019, as of the end of October 2019, metals & mining M&A deals worth $38.13bn were announced globally, marking a decrease of 54.04% year on year.

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

The top five metals & mining industry M&A deals accounted for 92.9% of the overall value during October 2019.

The combined value of the top five metals & mining M&A deals stood at $1.63bn, against the overall value of $1.76bn recorded for the month.

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

1) Impala Platinum Holdings’ $751.02m acquisition of North American Palladium

2) The $700m acquisition of Big River Steel LLC (Steel DevelopmentLLC) by United States Steel

3) Africa Coal Partners’ $103.7m acquisition of Mbuyelo Coal Proprietary

4) The $56.3m asset transaction with BioLantanidos by Hochschild Mining

5) TerraCom’s acquisition of Universal Coal for $23.72m.

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.