Metals & mining industry M&A deals in Q1 2019 total $22.18bn globally

30 April 2019 (Last Updated April 30th, 2019 06:53)

Metals & mining industry M&A deals in Q1 2019 total $22.18bn globally

Total metals & mining industry M&A deals in Q1 2019 worth $22.18bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 97.9% over the previous quarter and a drop of 3.4% when compared with the last four-quarter average, which stood at $22.99bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $14.57bn. At the country level, Canada topped the list in terms of deal value at $13.94bn.

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 Q1 2019 was Canada with 117 deals, followed by Australia with 50 and the US with 35.

In 2019, as of the end of Q1 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 Q1 2019: Top deals

The top five metals & mining industry M&A deals accounted for 83.8% of the overall value during Q1 2019.

The combined value of the top five metals & mining industry M&A deals stood at $18.59bn, against the overall value of $22.18bn recorded for the quarter. The top announced metals & mining industry M&A deal tracked by GlobalData in Q1 2019 was Newmont Mining’s $12.5bn acquisition of Goldcorp.

In second place was the $3.56bn acquisition of Jiangyin Xingcheng Special Steel Works by Daye Special Steel and in third place was CMOC’s $1.14bn acquisition of BHR Newwood DRC Holdings.

The $806.5m asset transaction with Imperial Metals by Newcrest Mining and Hancock Corporation’s acquisition of Riversdale Resources for $591m 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.