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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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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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