Metals & mining industry M&A deals in Q2 2020 total $8.86bn globally

28 July 2020 (Last Updated July 28th, 2020 14:00)

Metals & mining industry M&A deals in Q2 2020 total $8.86bn globally

Total metals & mining industry M&A deals in Q2 2020 worth $8.86bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 29.1% over the previous quarter and a drop of 14.4% when compared with the last four-quarter average, which stood at $10.35bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $4.27bn. At the country level, Canada topped the list in terms of deal value at $2.92bn.

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 Q2 2020 was Canada with 151 deals, followed by Australia with 80 and the US with 42.

In 2020, as of the end of Q2 2020, metals & mining M&A deals worth $17.16bn were announced globally, marking a decrease of 39.6% year on year.

Metals & mining industry M&A deals in Q2 2020: Top deals

The top five metals & mining industry M&A deals accounted for 59.2% of the overall value during Q2 2020.

The combined value of the top five metals & mining M&A deals stood at $5.24bn, against the overall value of $8.86bn recorded for the month.

The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:

1) Vedanta Resources’ $2.15bn acquisition of Vedanta

2) The merger of Alacer Gold and SSR Mining for $1.78bn

3) Tibet Zijin Industrial’s $548m acquisition of Tibet Julong Copper Industry

4) The $460m asset transaction with Blackstone Tactical Opportunities Fund, Lundin Gold and Orion Resource Partners (USA) by Newcrest Mining

5) Tronox’s asset transaction with Eramet for $300m.

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.