Total metals & mining industry M&A deals in Q1 2019 worth $624.89m were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 71.7% over the previous quarter and a drop of 82.7% when compared with the last four-quarter average of $3.61bn.
The US held a 2.8% share of the global metals & mining industry M&A deal value that totalled $22.18bn in Q1 2019.
In terms of deal activity, the US recorded 35 deals during Q1 2019, marking of a flat growth over the previous quarter and a drop of 16.7% over the last four-quarter average.
US metals & mining industry M&A deals in Q1 2019: Top deals
The top five metals & mining industry M&A deals accounted for 98% of the overall value during Q1 2019.
The combined value of the top five metals & mining industry M&A deals stood at $612.16m, against the overall value of $624.89m recorded for the quarter. The top announced metals & mining industry M&A deal tracked by GlobalData in Q1 2019 was SunCoke Energy’s $271.26m acquisition of SunCoke Energy Partners.
In second place was the $215m asset transaction with Westmoreland Resource Partners by Western Coal Acquisition Partners and in third place was HudBay Minerals’ $75m asset transaction with United Copper & Moly.
The $26.9m asset transaction with Colonial Coal and Empire Coal Holdings by American Resources and Tonogold Resources’ asset transaction with Comstock Mining for $24m held fourth and fifth positions, respectively.
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.