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  1. Deals Analysis
March 31, 2022

Metals & Mining industry M&A deals total $2.2bn globally in February 2022

By Nikitha Ladda

Total metals & mining industry M&A deals worth $2.2bn were announced globally in February 2022, led by Zhejiang Flat mirror Glass’ $525.78m acquisition of Anhui Dahua Oriental Mining and Anhui Sanli MiningLimited, according to GlobalData’s deals database.

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The value marked an increase of 47.3% over the previous month of $1.5bn and a drop of 52.7% when compared with the last 12-month average, which stood at $4.67bn.

Comparing M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.15bn. At the country level, the China topped the list in terms of deal value at $1.06bn.

In terms of volumes, Asia-Pacific emerged as the top region for metals & mining industry M&A deals globally, followed by North America and then South and Central America.

The top country in terms of M&A deals activity in February 2022 was Australia with seven deals, followed by the Canada with six and China with four.

In 2022, as of February, metals & mining M&A deals worth $3.71bn were announced globally, marking an increase of 41.01% year on year.

metals & mining industry M&A deals in February 2022: Top deals

The top five M&A deals accounted for 68.3% of the overall value during February 2022.

The combined value of the top five metals & mining M&A deals stood at $1.51bn, against the overall value of $2.2bn recorded for the month.

The top five metals & mining industry M&A deals of February 2022 tracked by GlobalData were:

1) Zhejiang Flat mirror Glass $525.78m acquisition deal with Anhui Dahua Oriental Mining and Anhui Sanli MiningLimited

2) The $400m acquisition of 43.7% stake in Minera Yanacocha by Newmont

3) Centerra (U.S.) $206.5m acquisition deal with Gemfield Resources

4) The $194.67m acquisition of Al Anmaa by Alghad Almutkamel for General Trading and Iron and Steel Metallic Industries

5) China Mining Resources Group $180m acquisition deal with Bikita Minerals

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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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