Total metals & mining industry M&A deals in Q2 2019 worth $6.28bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 71% over the previous quarter and a drop of 73.6% when compared with the last four-quarter average, which stood at $23.79bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.28bn. At the country level, the US topped the list in terms of deal value at $1.23bn.
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 Q2 2019 was Canada with 89 deals, followed by Australia with 46 and the US with 34.
In 2019, as of the end of Q2 2019, metals & mining M&A deals worth $27.8bn were announced globally, marking a decrease of 36.6% year on year.
Metals & mining industry M&A deals in Q2 2019: Top deals
The top five metals & mining industry M&A deals accounted for 54.3% of the overall value during Q2 2019.
The combined value of the top five metals & mining industry M&A deals stood at $3.41bn, against the overall value of $6.28bn recorded for the quarter. The top announced metals & mining industry M&A deal tracked by GlobalData in Q2 2019 was Wieland-Werke’s $1.14bn acquisition of Global Brass and Copper.
In second place was the $800m acquisition of Mineracao Maraca Industria e Comercio by Lundin Mining and in third place was St. Barbara’s $596.22m acquisition of Atlantic Gold.
The $546.33m acquisition of Kidman Resources by Wesfarmers and Shandong Gold Mining’s acquisition of Shanjin Jinkong Capital Management for $324.2m 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.
Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.