Metals & Mining industry M&A deals total $266.93m in Asia-Pacific in January 2021

23 February 2021 (Last Updated February 23rd, 2021 13:02)

Total metals & mining industry M&A deals worth $266.93m were announced in Asia-Pacific in January 2021, led by Anhui Sierte Fertilizer Industry’s $116.86m acquisition of Guizhou Lufa Industrial, according to GlobalData’s deals database.

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The value marked a decrease of 68.9% over the previous month of $858.9m and a drop of 86.1% when compared with the last 12-month average of $1.92bn.

Asia-Pacific held a 9.53% share of the global metals & mining industry M&A deal value that totalled $2.8bn in January 2021. With a 6.89% share and deals worth $192.86m, China was the top country in Asia-Pacific’s M&A deal value across metals & mining industry.

In terms of M&A deal activity, Asia-Pacific recorded 26 deals during January 2021, marking a decrease of 43.48% over the previous month and a drop of 38.10% over the 12-month average. Australia recorded 14 deals during the month.

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

The top five metals & mining industry M&A deals accounted for 92.9% of the overall value during January 2021.

The combined value of the top five metals & mining deals stood at $247.94m, against the overall value of $266.93m recorded for the month.

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

1) Anhui Sierte Fertilizer Industry’s $116.86m acquisition of Guizhou Lufa Industrial

2) The $76m asset transaction with Government of Henan ProvInce by Henan Found Mining

3) Fortress Minerals’ $30m acquisition of Monument Mengapur Sdn.

4) The $16.92m acquisition of Jeil Steel Mfg. by Double S Private Equity No. one Association and Samdasoo

5) Ramelius Resources’ asset transaction with Goldoro and Tampiagold for $8.16m.

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.