Total metals & mining industry M&A deals in July 2020 worth $22.58m were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 33.1% over the previous month and a drop of 96.2% when compared with the last 12-month average of $596.19m.
The US held a 1.1% share of the global metals & mining industry M&A deal value that totalled $2.07bn in July 2020.
In terms of deal activity, the US recorded 24 deals during July 2020, marking an increase of 41.2% over the previous month and a rise of 100% over the 12-month average.
The US metals & mining industry M&A deals in July 2020: Top deals
The top five metals & mining industry M&A deals accounted for 81.8% of the overall value during July 2020.
The combined value of the top five metals & mining M&A deals stood at $18.48m, against the overall value of $22.58m recorded for the month.
The top five metals & mining industry deals of July 2020 tracked by GlobalData were:
1) Altius Minerals’ $8.38m asset transaction with Liberty Metals & Mining Holdings
2) The $5m acquisition of Millennium Sapphire by Millennium Fine Art
3) Bonanza Explorations’ $2.5m asset transaction with Trans Oceanic Minerals
4) The $1.5m asset transaction with Vista Gold by Prime Mining
5) Silver Elephant Mining’s asset transaction with for $1.1m.
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.