Metals & mining industry M&A deals in September 2019 total $1.9bn globally

22 October 2019 (Last Updated October 22nd, 2019 14:01)

Metals & mining industry M&A deals in September 2019 total $1.9bn globally

Total metals & mining industry M&A deals in September 2019 worth $1.9bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 6.7% over the previous month and a drop of 63.4% when compared with the last 12-month average, which stood at $5.18bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.37bn. At the country level, China topped the list in terms of deal value at $1.34bn.

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 South and Central America.

The top country in terms of M&A deals activity in September 2019 was Canada with 28 deals, followed by Australia with 18 and the US with 14.

In 2019, as of the end of September 2019, metals & mining M&A deals worth $36.46bn were announced globally, marking a decrease of 55.1% year on year.

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

The top five metals & mining industry M&A deals accounted for 77.4% of the overall value during September 2019.

The combined value of the top five metals & mining M&A deals stood at $1.47bn, against the overall value of $1.9bn recorded for the month.

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

1) Beijing Haohua Energy Resource’s $442.81m acquisition of Ningxia Hongdunzi Coal Industry

2) The $408.55m acquisition of Shanxi Meijin Energy by Shanxi Jinmei Distressed Equity Investment Partnership

3) Osisko Gold Royalties’ $254.73m acquisition of Barkerville Gold Mines

4) The $231.6m acquisition of Yangchun New Steel by Hunan Valin Xiangtan Iron and Steel

5) Shandong Zhaojin Group’s acquisition of Baoding Technology for $129.93m.

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.