Middle East and Africa’s metals & mining industry sees a rise of 17.4% in deal activity in Q3 2020

10 November 2020 (Last Updated November 10th, 2020 18:20)

Middle East and Africa’s metals & mining industry sees a rise of 17.4% in deal activity in Q3 2020

Middle East and Africa’s metals & mining industry saw a rise of 17.4% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 27 deals worth $417.9m were announced for the region during Q3 2020, against the last four-quarter average of 23 deals.

Of all the deal types, M&A saw most activity in Q3 2020 with 25, representing a 92.6% share for the region.

In second place was private equity with two deals, followed by deals with transactions, respectively capturing a 7.4% and % share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Middle East and Africa’s metals & mining industry with $417.9m, while private equity and deals totalled $0m and , respectively.

Middle East and Africa metals & mining industry deals in Q3 2020: Top deals

The top five metals & mining deals accounted for 87.5% of the overall value during Q3 2020.

The combined value of the top five metals & mining deals stood at $365.64m, against the overall value of $417.9m recorded for the quarter.

The top five metals & mining industry deals of Q3 2020 tracked by GlobalData were:

1) KAM Steel IntegratedLimited’s $156m asset transaction with Standard MetallurgicalLimited

2) The $95m asset transaction with Golden Star Resources by Future Global Resources

3) Northam Platinum’s $55.78m acquisition of Zambezi Platinum

4) The $31.86m acquisition of Langpan Mining by Capricorn Investment Holdings

5) Mali Lithium’s asset transaction with AngloGold Ashanti and Barrick Gold for $27m.

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.