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GlobalData: Global metals and mining industry cross border M&A deals total US$7.7 billion in 4Q20

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Global Mining Review,

Total metals and mining industry cross border merger and acquisition (M&A) deals worth US$7.7 billion were announced globally in 4Q20, led by Nova Resources’ US$2.39 billion acquisition of KAZ Minerals, according to GlobalData’s deals database.

The value marked an increase of 593.7% over the previous quarter and a rise of 71.5% when compared with the last four-quarter average, which stood at US$4.49 billion.

Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth US$3.61 billion. At the country level, the UK topped the list in terms of deal value at US$2.46 billion.

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

The top country in terms of cross border M&A deals activity in 4Q20 was the US with 17 deals, followed by the Australia with 17 and Canada with 12.

In 2020, at the end of 4Q20, cross border M&A deals worth US$20.02 billion were announced globally in metals and mining industry, marking a decrease of 28.8% y/y.

4Q20 top deals

The top five cross border M&A deals in metals and mining industry accounted for 79.3% of the overall value during 4Q20.

The combined value of the top deals stood at US$6.11 billion, against the overall value of US$7.7 billion recorded for the quarter.

The top five metals and mining industry cross border metals and mining deals of 4Q20 tracked by GlobalData were:

  • Nova Resources’ US$2.39 billion acquisition of KAZ Minerals.
  • The US$1.86 billion acquisition of Teranga Gold by Endeavour Mining.
  • Sandvik’s US$1.15 billion acquisition of DSI Underground.
  • The US$490 million asset transaction with Shanghai Decent Investment Group by Nickel Mines.
  • Orion Mine Finance’s acquisition of Greenstone Gold Mines GP for US$225 million.

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