North America’s metals & mining industry saw a drop of 8.33% in deal activity during August 2021, when compared with the last 12-month average, led by Corcre S.A.P.I. de C.V and Juan Angel Cordova Creel’s $32.5m acquisition of 16.8% stake in Sidertulde C.V. , according to GlobalData’s deals database.
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A total of 22 metals & mining industry deals worth $94.1m were announced for the region in August 2021, against the 12-month average of 24 deals.
Of all the deal types, M&A saw most activity in August 2021 with 18 transactions, representing an 81.8% share for the region.
In second place was private equity with two deals, followed by venture financing deals with two transactions, respectively capturing a 9.1% and 9.1% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in North America’s metals & mining industry with $87.02m, while venture financing and private equity deals totalled $6.25m and $0.86m, respectively.
North America metals & mining industry deals in August 2021: Top deals
The top five metals & mining deals accounted for 89.2% of the overall value during August 2021.
The combined value of the top five metals & mining deals stood at $84m, against the overall value of $94.1m recorded for the month.
The top five metals & mining industry deals of August 2021 tracked by GlobalData were:
1) Corcre S.A.P.I. de C.V and Juan Angel Cordova Creel $32.5m acquisition deal for 16.8% stake in Sidertulde C.V.
2) The $30m acquisition of Alaska Gold Torrent by Contango ORE
3) Zebra Holdings and Investments $12.53m acquisition of 5.25% stake in Lucara Diamond
4) The $5.5m venture financing of Earth AI by Arnoud Balhuizen,Cantos Ventures ,DCVC Management Co,Duro Ventures,Fifty Years Fund,Gagarin Capital Partners,Kyle Vogt,Metaplanet Holdings and Promus Ventures
5) Wealth Minerals $3.47m acquisition deal with World Copper
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.