Australia’s metals & mining industry M&A deals total $3.37bn in Q4 2019

Photo: Northern Star

Total metals & mining industry M&A deals in Q4 2019 worth $3.37bn were announced in Australia, according to GlobalData’s deals database. The value marked an increase of 367.4% over the previous quarter and a rise of 169.5% when compared with the last four-quarter average of $1.25bn.

Australia held a 16.7% share of the global metals & mining industry M&A deal value that totalled $20.22bn in Q4 2019.

In terms of deal activity, Australia recorded 48 deals during Q4 2019, marking a drop of 22.6% over the previous quarter and a drop of 9.4% over the last four-quarter average.

The top five metals & mining industry M&A deals accounted for 91.01% of the overall value during Q4 2019.

The combined value of the top five metals & mining M&A deals stood at $3.07bn, against the overall value of $3.37bn recorded for the month.

The top five metals & mining industry deals of Q4 2019 tracked by GlobalData were:

- Northern Star Resources’ $800m acquisition of Kalgoorlie Lake View

- The $750m acquisition of Kalgoorlie Consolidated Gold Mines by Saracen Mineral Holdings

- Saracen Goldfields’ $750m acquisition of Barrick (Australia Pacific)

- The $550.55m acquisition of Kalgoorlie Consolidated Gold Mines by Northern Star Resources

- Independence Group’s acquisition of Panoramic Resources for $215.67m.