Total metals & mining M&A deals in Q4 2018 worth $10.93bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 74.8% over the previous quarter and a drop of 53.2% when compared with the last four-quarter average, which stood at $23.44bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $4.47bn. At the country level, Australia topped the list in terms of deal value at $2.33bn.
In terms of volumes, North America emerged as the top region for metals & mining M&A deals globally, followed by Asia-Pacific and then Europe.
The top country in terms of M&A deals activity in Q4 2018 was Canada with 89 deals, followed by Australia with 46 and the United States with 35.
In 2018, as of the end of Q4, metals & mining M&As worth $91.92bn were announced globally, marking an increase of 70.7% year on year.
Metals & mining M&A deals in Q4 2018: Top deals
The top five metals & mining M&A deals accounted for 46% of the overall value during Q4 2018.
The combined value of the top five metals & mining M&A deals stood at $5.03bn, against the overall value of $10.93bn recorded for the quarter.
The top announced metals & mining M&A deal tracked by GlobalData in Q4 2018 was Sumitomo and Sumitomo Metal Mining’s $1.2bn acquisition of Quebrada Blanca.
In second place was Albemarle’s asset transaction with Mineral Resources for $1.15bn and in third place was Pan American Silver’s $1.07bn acquisition of Tahoe Resources.
PT United Tractors’ $1bn acquisition of PT Agincourt Resources and Luxfer’s acquisition of Neo Performance Materials for $612m 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.
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.