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  1. Deals Analysis
July 28, 2021

Metals & Mining industry M&A deals total $1.3bn globally in June 2021

Total metals & mining industry M&A deals worth $1.3bn were announced globally in June 2021, led by Locrian Holdings’ $624.14m acquisition of Chackmore Unit Trust, according to GlobalData’s deals database.

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The value marked a decrease of 1.5% over the previous month of $1.35bn and a drop of 62.5% when compared with the last 12-month average, which stood at $3.55bn.

Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $796.62m. At the country level, the Canada topped the list in terms of deal value at $786.62m.

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 June 2021 was Canada with 13 deals, followed by the US with five and Australia with three.

In 2021, as of June, metals & mining M&A deals worth $12.91bn were announced globally, marking an increase of 20.2% year on year.

metals & mining industry M&A deals in June 2021: Top deals

The top five M&A deals accounted for 89.7% of the overall value during June 2021.

The combined value of the top five metals & mining M&A deals stood at $1.19bn, against the overall value of $1.3bn recorded for the month.

The top five metals & mining industry M&A deals of June 2021 tracked by GlobalData were:

1) Locrian Holdings’ $624.14m acquisition of Chackmore Unit Trust

2) The $294m acquisition of 33.3% stake in Cerrejon Coal by Glencore

3) Ganfeng International’s $130m acquisition of 50% stake in Lithium du Mali

4) The $75.98m acquisition of North American Lithium by Sayona Mining and Sayona Quebec

5) Gold Royalty’s acquisition of Ely Gold Royalties for $67.37m.

Related Companies

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.

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