Asia-Pacific’s metals & mining industry increased by 3.70% in cross border deal activity

Photo: Liberty House

Led by Nickel Mines’ $490m asset transaction with Shanghai Decent Investment Group, Asia-Pacific’s metals & mining industry saw a rise of 3.70% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.

 

A total of 28 cross border deals worth $1.02bn were announced for the region during Q4 2020, against the last four-quarter average of 27 deals.

 

Of all the deal types, M&A saw most activity in Q4 2020 with 26, representing a 92.9% share for the region.

 

In second place was venture financing with one deal capturing a 3.6% share of the overall cross border deal activity for the quarter.

 

In terms of value of cross border deals, M&A was the leading category in Indonesia’s metals & mining industry with $814.49m, followed by venture financing deals totalled $2.14m.

 

Asia-Pacific metals & mining industry cross border deals in Q4 2020: Top deals

 

The top five metals & mining cross border deals accounted for a 77.8% share of the overall value during Q4 2020.

 

The combined value of the top five cross border deals stood at $790.09m, against the overall value of $1.02bn recorded for the quarter.

 

The top five metals & mining industry cross border deals of Q4 2020 tracked by GlobalData were:

 

- Nickel Mines’ $490m asset transaction with Shanghai Decent Investment Group

- The $163.4m acquisition of Indokal by PT Wasesa Indo Nusa

- Elemental Royalties’ $55m asset transaction with South32

- The $45m acquisition deal with Downer Blasting Services by Enaex

- Liberty House Group’s acquisition of SBQ Steels for $36.69m.