Total metals & mining industry M&A deals in Q4 2019 worth $20.22bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 113.9% over the previous quarter and a rise of 72.8% when compared with the last four-quarter average, which stood at $11.9bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $10.54bn. At the country level, Canada topped the list in terms of deal value at $6.81bn.

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 Q4 2019 was Canada with 80 deals, followed by Australia with 48 and the US with 32.

In 2019, as of the end of Q4 2019, metals & mining M&A deals worth $55.11bn were announced globally, marking a decrease of 43.6% year on year.

Metals & mining industry M&A deals in Q4 2019: Top deals

The top five metals & mining industry M&A deals accounted for 51.7% of the overall value during Q4 2019.

The combined value of the top five metals & mining M&A deals stood at $10.45bn, against the overall value of $20.22bn recorded for the month.

The top five metals & mining industry deals of Q4 2019 tracked by GlobalData were:

1) Kirkland Lake Gold's $3.8bn acquisition of Detour Gold

2) The $3bn acquisition of AK Steel Holding by Cleveland-Cliffs

3) PT Indonesia Asahan Aluminium's $1.5bn acquisition of PT Vale Indonesia

4) The $1.12bn acquisition of PIM Cupric by Jiangxi Copper (Hong Kong) InvestmentLimited

5) Gold Mountains (H.K.) International MiningLimited's acquisition of Continental Gold for $1.03bn.

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.