Global metals & mining industry cross border deals total $7.7bn in Q4 2020

Photo: Nova Resources

Nova Resources’ $2.39bn acquisition of KAZ Minerals was the metals & mining industry’s biggest cross border deal of Q4 2020 as cross border deals worth $7.7bn were announced globally in the quarter, according to GlobalData’s deals database.

 

The value marked an increase of 575.4% over the previous quarter and a rise of 56.5% when compared with the last four-quarter average of $4.92bn.

 

In terms of number of cross border deals, the sector saw a drop of 4.27% over the last four-quarter average with 112 deals against the average of 117 deals.

 

In value terms, North America led the activity with cross border deals worth $3.61bn.

 

Metals & mining industry cross border deals in Q4 2020: Top deals

 

The top five metals & mining industry cross border deals accounted for 79.3% of the overall value during Q4 2020.

 

The combined value of the top five cross border deals stood at $6.11bn, against the overall value of $7.7bn recorded for the quarter.

 

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

 

- Nova Resources’ $2.39bn acquisition of KAZ Minerals

- The $1.86bn acquisition of Teranga Gold by Endeavour Mining

- Sandvik’s $1.15bn acquisition of DSI Underground

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

- Orion Mine Finance’s acquisition of Greenstone Gold Mines GP for $225m.