Metals & mining industry M&A deals in September 2020 total $3.53bn globally

27 October 2020 (Last Updated October 27th, 2020 20:55)

Metals & mining industry M&A deals in September 2020 total $3.53bn globally

Total metals & mining industry M&A deals in September 2020 worth $3.53bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 122.3% over the previous month and a drop of 0.4% when compared with the last 12-month average, which stood at $3.55bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.71bn. At the country level, the US topped the list in terms of deal value at $1.51bn.

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 September 2020 was Canada with 67 deals, followed by Australia with 30 and the US with 14.

In 2020, as of the end of September 2020, metals & mining M&A deals worth $24.57bn were announced globally, marking a decrease of 29.4% year on year.

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

The top five metals & mining industry M&A deals accounted for 83.4% of the overall value during September 2020.

The combined value of the top five metals & mining M&A deals stood at $2.95bn, against the overall value of $3.53bn recorded for the month.

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

1) The $1.4bn merger of ArcelorMittal USA and Cleveland-Cliffs

2) The $819.43m acquisition of Shougang Jingtang Iron and Steel United by Beijing Shougang

3) Shandong Gold Mining’s $442.81m acquisition of Hengxing Gold HoldingLimited

4) The $156m asset transaction with Standard MetallurgicalLimited by KAM Steel Integrated Limited

5) JSC Polyus Krasnoyarsk’s acquisition of SL Gold Limited Liability for $128.2m.

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.