Total metals & mining industry deals for Q4 2019 worth $20.42bn were announced globally, according to GlobalData’s deals database. The value marked an increase of 80.4% over the previous quarter and a rise of 61.3% when compared with the last four-quarter average of $12.85bn.
In terms of number of deals, the sector saw a drop of 14.9% over the last four-quarter average with 291 deals against the average of 342 deals. In value terms, North America led the activity with deals worth $10.71bn.
Metals & mining industry deals in Q4 2019: Top deals
The top five metals & mining deals accounted for 51.2% of the overall value during Q4 2019.
The combined value of the top five metals & mining deals stood at $10.45bn, against the overall value of $20.42bn recorded for the month.
The top five metals & mining industry deals of Q4 2019 tracked by GlobalData were:
- Kirkland Lake Gold's $3.8bn acquisition of Detour Gold
- The $3bn acquisition of AK Steel Holding by Cleveland-Cliffs
- PT Indonesia Asahan Aluminium's $1.5bn acquisition of PT Vale Indonesia
- The $1.12bn acquisition of PIM Cupric by Jiangxi Copper (Hong Kong) InvestmentLimited
- Gold Mountains (H.K.) International MiningLimited's acquisition of Continental Gold for $1.03bn.