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Global metals and mining industry M&A deals total US$7.87 billion in December 2019

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Global Mining Review,

According to GlobalData’s deals database, the total metals and mining industry M&A deals in December 2019 worth US$7.87 billion were announced globally.

The value marked a decrease of 13.2% over the previous month, and a rise of 76.5% when compared with the last 12-month average, which stood at US$4.46 billion.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth US$4.73 billion. At the country level, the US topped the list in terms of deal value at US$3.02 billion.

In terms of volumes, North America emerged as the top region for metals and mining industry M&A deals globally, followed by Asia-Pacific and Europe respectively.

In 2019, as of the end of December 2019, metals and mining M&A deals worth US$55.11 billion were announced globally, marking a decrease of 43.6% year on year.

Metals and mining industry M&A top deals in December 2019:

The top five metals and mining industry M&A deals accounted for 82.6% of the overall value during December 2019.

The combined value of the top five metals and mining M&A deals stood at US$6.5 billion, against the overall value of US$7.87 billion recorded for the month.

The top five metals and mining industry deals of December 2019 tracked by GlobalData were:

  1. Cleveland-Cliffs’ US$3 billion acquisition of AK Steel Holding.
  2. The US$1.12 billion acquisition of PIM Cupric by Jiangxi Copper (Hong Kong) Investment Ltd.
  3. Gold Mountains (Hong Kong) International Mining Ltd’s US$1.03 billion acquisition of Continental Gold.
  4. The US$800 million acquisition of Kalgoorlie Lake View by Northern Star Resources.
  5. Northern Star Resources’ acquisition of Kalgoorlie Consolidated gold mines for US$550.55 million.

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