Total metals & mining industry M&A deals worth $1.9bn were announced globally in October 2021, led by Zijin Mining Group’s $763.83m acquisition of Neo Lithium, according to GlobalData’s deals database.
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The value marked a decrease of 45.1% over the previous month of $3.48bn and a drop of 46.9% when compared with the last 12-month average, which stood at $3.6bn.
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 $924.7m. At the country level, the Canada topped the list in terms of deal value at $911.32m.
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 October 2021 was Canada with seven deals, followed by the China with six and the US with four.
In 2021, as of October, metals & mining M&A deals worth $25.66bn were announced globally, marking an increase of 28.5% year on year.
metals & mining industry M&A deals in October 2021: Top deals
The top five M&A deals accounted for 92.4% of the overall value during October 2021.
The combined value of the top five metals & mining M&A deals stood at $1.77bn, against the overall value of $1.9bn recorded for the month.
The top five metals & mining industry M&A deals of October 2021 tracked by GlobalData were:
1) Zijin Mining Group $763.83m acquisition deal with Neo Lithium
2) The $571.59m acquisition of Anhui Dahua Dongfang MiningLimited and Anhui Sanli MiningLimited by Flat Glass Group
3) China Coal Pingshuo GroupLimited $220.63m acquisition deal with Pingshuo Industrial Group
4) The $145.62m acquisition of Fiore Gold by Calibre Mining
5) Pallinghurst Nickel International $64.82m acquisition deal with Talon Metals
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.