Global metals & mining industry M&A deals total $8.86bn in Q2 2020

Photo: Vedanta Resources

Total metals & mining industry M&A deals in Q2 2020 worth $8.86bn were announced globally, according to GlobalData’s deals database.


The value marked an increase of 29.1% over the previous quarter and a drop of 14.4% when compared with the last four-quarter average, which stood at $10.35bn.


Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $4.27bn. At the country level, Canada topped the list in terms of deal value at $2.92bn.


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 Europe.


The top country in terms of M&A deals activity in Q2 2020 was Canada with 151 deals, followed by Australia with 80 and the US with 42.


In 2020, as of the end of Q2 2020, metals & mining M&A deals worth $17.16bn were announced globally, marking a decrease of 39.6% year on year.


Metals & mining industry M&A deals in Q2 2020: Top deals

The top five metals & mining industry M&A deals accounted for 59.2% of the overall value during Q2 2020.


The combined value of the top five metals & mining M&A deals stood at $5.24bn, against the overall value of $8.86bn recorded for the month.


The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:

-Vedanta Resources’ $2.15bn acquisition of Vedanta

-The merger of Alacer Gold and SSR Mining for $1.78bn

-Tibet Zijin Industrial’s $548m acquisition of Tibet Julong Copper Industry

-The $460m asset transaction with Blackstone Tactical Opportunities Fund, Lundin Gold and Orion Resource Partners (USA) by Newcrest Mining

-Tronox’s asset transaction with Eramet for $300m.