US metals & mining industry sees a rise of 9.1% in deal activity in Q4 2020

20 January 2021 (Last Updated January 20th, 2021 11:33)

US metals & mining industry sees a rise of 9.1% in deal activity in Q4 2020

The US metals & mining industry saw a rise of 9.1% in overall deal activity during Q4 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 48 deals worth $1.79bn were announced in Q4 2020, compared to the last four-quarter average of 44 deals.

M&A was the leading category in the quarter with 44 deals which accounted for 91.7% of all deals.

In second place was private equity with three deals, followed by venture financing with one transactions, respectively accounting for 6.3% and 2.1% of overall deal activity in the country’s metals & mining industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the US metals & mining industry with total deals worth $1.74bn, followed by private equity deals totalled $50.1m.

The US metals & mining industry deals in Q4 2020: Top deals

The top five metals & mining deals accounted for 95.5% of the overall value during Q4 2020.

The combined value of the top five metals & mining deals stood at $1.71bn, against the overall value of $1.79bn recorded for the month.

The top five metals & mining industry deals of Q4 2020 tracked by GlobalData were:

1) U.S. Steel’s $774m acquisition of Big River Steel LLC (Steel DevelopmentLLC)

2) The $670m acquisition of Alcoa Warrick by Kaiser Aluminum

3) Magris Resources’ $223m acquisition of Imerys Talc America, Imerys Talc Canada and Imerys Talc Vermont

4) The $34.4m acquisition of CONSOL Coal Resources by CONSOL Energy

5) Riedel Resources’ acquisition of Flagstaff Minerals (USA) for $9.27m.

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.

 

Visit our ‘Mining Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the mining industry.