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Metals & Mining industry M&A deals total $2.8bn globally in January 2021

18 Feb 2021 (Last Updated February 18th, 2021 16:06)

Total metals & mining industry M&A deals worth $2.8bn were announced globally in January 2021, led by ZCCM Investments Holdings (Kitwe Office)’s $1.5bn acquisition of Mopani Copper Mines, according to GlobalData’s deals database.

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The value marked a decrease of 51.8% over the previous month of $5.81bn and a drop of 34.1% when compared with the last 12-month average, which stood at $4.25bn.

Comparing M&A deals value in different regions of the globe, Middle East and Africa held the top position, with total announced deals in the period worth $1.53bn. At the country level, the Zambia topped the list in terms of deal value at $1.5bn.

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 January 2021 was Canada with 28 deals, followed by the Australia with 14 and the US with eight.

In 2021, as of January, metals & mining M&A deals worth $2.8bn were announced globally, marking an increase of 104.6% year on year.

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

The top five M&A deals accounted for 85.8% of the overall value during January 2021.

The combined value of the top five metals & mining M&A deals stood at $2.4bn, against the overall value of $2.8bn recorded for the month.

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

1) ZCCM Investments Holdings (Kitwe Office)’s $1.5bn acquisition of Mopani Copper Mines

2) The $370m acquisition of Kumas Manyezit Sanayi by Eregli Demir ve Celik Fabrikalari TAS

3) Agnico Eagle Mines’ $303.35m acquisition of TMAC Resources

4) The $116.86m acquisition of Guizhou Lufa Industrial by Anhui Sierte Fertilizer Industry

5) Eldorado Gold’s acquisition of QMX Gold for $111.79m.

Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.