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Metals and mining industry M&A deals in September 2019 total US$1.9 billion globally

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Global Mining Review,

Total metals and mining industry M&A deals in September 2019 worth US$1.9 billion were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 6.7% over the previous month and a drop of 63.4% when compared with the last 12 month average, which stood at US$5.18 billion.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth US$1.37 billion. At the country level, China topped the list in terms of deal value at US$1.34 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 then South and Central America.

The top country in terms of M&A deals activity in September 2019 was Canada with 28 deals, followed by Australia with 18 and the US with 14.

In 2019, as of the end of September 2019, metals & mining M&A deals worth US$36.46 billion were announced globally, marking a decrease of 55.1% y/y.

Metals and mining industry M&A deals in September 2019: Top deals

The top five metals and mining industry M&A deals accounted for 77.4% of the overall value during September 2019.

The combined value of the top five metals and mining M&A deals stood at US$1.47 billion, against the overall value of US$1.9 billion recorded for the month.

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

  • Beijing Haohua Energy Resource’s US$442.81 million acquisition of Ningxia Hongdunzi coal industry.
  • The US$408.55 million acquisition of Shanxi Meijin Energy by Shanxi Jinmei Distressed Equity Investment Partnership.
  • Osisko Gold Royalties’ US$254.73 million acquisition of Barkerville Gold Mines.
  • The US$231.6 million acquisition of Yangchun New Steel by Hunan Valin Xiangtan Iron and Steel.
  • Shandong Zhaojin Group’s acquisition of Baoding Technology for US$129.93 million.

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