Metals & mining industry M&A deals down 6.7 % in September  

Photo: GlobalData

Total metals & mining industry M&A deals in September 2019 worth $1.9bn 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 $5.18bn.

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

In terms of volumes, North America emerged as the top region for metals & 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 $36.46bn were announced globally, marking a decrease of 55.1% year on year.

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

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

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

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

- Beijing Haohua Energy Resource’s $442.81m acquisition of Ningxia Hongdunzi Coal Industry

- The $408.55m acquisition of Shanxi Meijin Energy by Shanxi Jinmei Distressed Equity Investment Partnership

- Osisko Gold Royalties’ $254.73m acquisition of Barkerville Gold Mines

- The $231.6m acquisition of Yangchun New Steel by Hunan Valin Xiangtan Iron and Steel

- Shandong Zhaojin Group’s acquisition of Baoding Technology for $129.93m.