Middle East and Africa’s metals & mining industry sees a rise of 12.5% in deal activity in Q2 2020

7 August 2020 (Last Updated August 7th, 2020 12:09)

Middle East and Africa’s metals & mining industry saw a rise of 12.5% in overall deal activity during Q2 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 27 deals worth $1.14bn were announced for the region during Q2 2020, against the last four-quarter average of 24 deals.

Of all the deal types, M&A saw most activity in Q2 2020 with 25, representing a 92.6% share for the region.

In second place was private equity with two deals, representing a 7.4% share of the overall deal activity for the quarter.

In terms of value of deals, private equity was the leading category in Middle East and Africa’s metals & mining industry with $1b, followed by M&A deals totalled $144.98m.

Middle East and Africa metals & mining industry deals in Q2 2020: Top deals

The top five metals & mining deals accounted for 98.8% of the overall value during Q2 2020.

The combined value of the top five metals & mining deals stood at $1.13bn, against the overall value of $1.14bn recorded for the quarter.

The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:

1) Templar Investments’ $1bn private equity deal with Jindal Shadeed Iron & Steel

2) The $69.04m acquisition of Zambezi Platinum by Northam Platinum

3) West African Resources’ $45m asset transaction with B2Gold and GAMS-Mining F&I

4) The $12.67m acquisition of Cassidy Gold Guinee by Hummingbird Resources

5) Trident Resources’ asset transaction with Moxico Resources for $5m.

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.