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  1. Deals Analysis
May 12, 2021

Metals & Mining industry M&A deals total $1.87bn in Asia-Pacific in Q1 2021

Total metals & mining industry M&A deals worth $1.87bn were announced in Asia-Pacific in Q1 2021, led by Twin Star Holdings, Vedanta Holdings Mauritius, Vedanta Holdings Mauritius II and Vedanta Resources’ $808.93m acquisition of Vedanta, according to GlobalData’s deals database.

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The value marked a decrease of 72.3% over the previous quarter and a drop of 67.6% when compared with the last four-quarter average of $5.77bn.

Asia-Pacific held a 20.92% share of the global metals & mining industry M&A deal value that totalled $8.94bn in Q1 2021. With a 10.34% share and deals worth $924.58m, India was the top country in Asia-Pacific’s M&A deal value across metals & mining industry.

In terms of deal activity, Asia-Pacific recorded 102 deals during Q1 2021, marking a decrease of 17.74% over the previous quarter and a drop of 17.91% over the last four-quarter average. Australia recorded 62 deals during the quarter.

Asia-Pacific metals & mining industry M&A deals in Q1 2021: Top deals

The top five metals & mining industry M&A deals accounted for 67.8% of the overall value during Q1 2021.

The combined value of the top five M&A deals stood at $1.27bn, against the overall value of $1.87bn recorded for the quarter.

The top five metals & mining industry deals of Q1 2021 tracked by GlobalData were:

1) Twin Star Holdings, Vedanta Holdings Mauritius, Vedanta Holdings Mauritius II and Vedanta Resources’ $808.93m acquisition of 10% stake in Vedanta

2) The $125.76m asset transaction with Suancigou Mining, Yitai Baoshan Coal and Yitai Dadi Coal by Xuzhou Zhongtai Energy Technology

3) Anhui Sierte Fertilizer Industry’s $116.86m acquisition of 60% stake in Guizhou Lufa Industrial

4) The $115.65m asset transaction with Welspun by JSW Steel

5) Shanxi Meijin Energy’s acquisition of Shanxi Meijin Group Jinhui Coal Industry for $100.5m.

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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