Total metals & mining industry M&A deals in Q2 2020 worth $681.76m were announced in Australia, according to GlobalData’s deals database.
The value marked an increase of 1.6% over the previous quarter and a drop of 51.5% when compared with the last four-quarter average of $1.41bn.
Australia held a 7.7% share of the global metals & mining industry M&A deal value that totalled $8.86bn in Q2 2020.
In terms of deal activity, Australia recorded 80 deals during Q2 2020, marking a rise of 37.9% over the previous quarter and a rise of 48.2% over the last four-quarter average.
Australia metals & mining industry M&A deals in Q2 2020: Top deals
The top five metals & mining industry M&A deals accounted for 75.3% of the overall value during Q2 2020.
The combined value of the top five metals & mining M&A deals stood at $513.62m, against the overall value of $681.76m recorded for the month.
The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:
- Shandong Gold Mining’s $221.14m acquisition of Cardinal Resources
- The $113.11m acquisition of Stanmore Coal by Golden Energy and Resources
- Aeris Resources’ $86.52m asset transaction with Evolution Mining
- The $51.91m acquisition of Cassini Resources by OZ Minerals
- Perseus Mining’s acquisition of Exore Resources for $40.94m.