Skip to main content

3Q19 figures announced for metals and mining industry M&A deals

Published by , Editorial Assistant
Global Mining Review,


According to GlobalData’s deals database, M&A (mergers and acquisitions) deals in the global metals and mining industry totalled US$6.98 billion in 3Q19.

The value marked an increase of 48.2% over the previous quarter and a drop of 64.6% when compared with the last four quarter average, which stood at US$19.91 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$3.27 billion. At the country level, China topped the list in terms of deal value at US$2.48 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 Europe.

The top country in terms of M&A deals activity in 3Q19 was Canada with 82 deals, followed by Australia with 62 and the US with 38.

In 2019, as of the end of 3Q19, metals and mining M&A deals worth US$36.46 billion were announced globally, marking a decrease of 55.1% year on year.

Top deals

The top five metals and mining industry M&A deals accounted for 40.04% of the overall value during 3Q19.

The combined value of the top five deals stood at US$2.79 billion, against the overall value of US$6.98 billion recorded for the month.

 

The top five deals of 3Q19 tracked by GlobalData were:

  1. Liberty House Group’s US$841.11 million asset transaction with ArcelorMittal
  2. The US$658.99 million acquisition of Maanshan Iron & Steel Limited by Baosteel Hong Kong Investment Limited
  3. Beijing Haohua Energy Resource’s US$442.81 million acquisition of Ningxia Hongdunzi Coal Industry
  4. The US$428 million acquisition of Acacia Mining by Barrick Gold
  5. Al Ezz Dekheila Steel’s acquisition of Al Ezz Flat Steel for US$423.78 million

Read the article online at: https://www.globalminingreview.com/finance-business/11122019/figures-announced-for-metals-and-mining-industry-3q19-ma-deals/

You might also like

The misleading prices of rare earths

Ramon Barua, CEO, Aclara Resources, examines the disconnect between rare earths’ critical role and its current market reality, and how it poses significant challenges for the future of energy and technological advancements to meet climate goals.

 
 

Embed article link: (copy the HTML code below):


 

Global Mining Review is not responsible for the content of external internet sites.