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  1. Deals Analysis
March 30, 2021

Metals & Mining industry M&A deals total $743.23m globally in February 2021

Total metals & mining industry M&A deals worth $743.23m were announced globally in February 2021, led by OZD Asia’s $307m asset transaction with Barrick Gold, according to GlobalData’s deals database.

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The value marked a decrease of 80.8% over the previous month of $3.86bn and a drop of 83.4% when compared with the last 12-month average, which stood at $4.48bn.

Comparing M&A deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $323m. At the country level, the Peru topped the list in terms of deal value at $307m.

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 February 2021 was Canada with 44 deals, followed by the Australia with 18 and the US with ten.

In 2021, as of February, metals & mining M&A deals worth $4.6bn were announced globally, marking an increase of 12.6% year on year.

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

The top five M&A deals accounted for 77.6% of the overall value during February 2021.

The combined value of the top five metals & mining M&A deals stood at $576.8m, against the overall value of $743.23m recorded for the month.

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

1) OZD Asia’s $307m asset transaction with Barrick Gold

2) The $125.38m acquisition of Plateau Energy Metals by American Lithium

3) PT Tanito Harum Nickel’s $68.6m acquisition of PT Infei Metal Industry

4) The $46.09m acquisition of Paterson Copper by Cyprium Metals

5) Jiangxi Ganfeng Lithium’s acquisition of Sonora Lithium for $29.73m.

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