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  1. Deals Analysis
May 10, 2021

US metals & mining sees a drop of 1.12% in cross border deal activity in Q1 2021

Led by $22.5m asset transaction with Alumisource, the US metals & mining industry saw a drop of 1.12% in overall cross border deal activity during Q1 2021, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 22 cross border deals worth $43.31m were announced in Q1 2021, compared with the last four-quarter average of 22.25 deals.

M&A was the leading category in the quarter with 21 cross border deals which accounted for 95.5% of all deals.

In second place was private equity with one deal accounting for 4.6% of overall cross border deal activity in the US metals & mining industry during the quarter.

In terms of value of cross border deals, M&A was the leading deal category in the US metals & mining industry with total deals worth $43.31m.

US metals & mining industry cross border deals in Q1 2021: Top deals

The top five metals & mining industry cross border deals accounted for 94.9% of the overall value during Q1 2021.

The combined value of the top five metals & mining cross border deals stood at $41.09m, against the overall value of $43.31m recorded for the quarter.

The top five metals & mining industry cross border deals of Q1 2021 tracked by GlobalData were:

1) Sims’ $22.5m asset transaction with Alumisource

2) The $15.21m asset transaction with Globex Mining Enterprises by Electric Royalties

3) OrganiMax Nutrient’s $1.3m asset transaction with Blackhawk Exploration

4) The $1.18m asset transaction deal with Montana Reclaim by Bond Resources and Winston Gold

5) Evergold’s asset transaction with Enigma Resources for $0.9m.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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.

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