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Metals & mining M&As totalled $6.98bn in Q3

Metals & mining industry mergers and acquisitions (M&A) deals in the third quarter of 2019 totalled $6.98bn. The value marked an increase of 48.2% over the previous quarter and a drop of 64.6% when compared with the last four-quarter average, which stood at $19.91bn.
Image source: Getty/Gallo
Image source: Getty/Gallo

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $3.27bn. At the country level, China topped the list in terms of deal value at $2.48bn.

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 Q3 2019 was Canada with 82 deals, followed by Australia with 62 and the US with 38.

In 2019, as of the end of Q3 2019, metals & mining M&A deals worth $36.46bn were announced globally, marking a decrease of 55.1% year on year.

Top deals

The top five metals & mining industry M&A deals accounted for 40.04% of the overall value during Q3 2019, the combined value of which was $2.79bn, against the overall value of $6.98bn recorded for the month.

These included

  • Liberty House Group’s $841.11m asset transaction with ArcelorMittal
  • The $658.99m acquisition of Maanshan Iron & SteelLimited by Baosteel Hong Kong InvestmentLimited
  • Beijing Haohua Energy Resource’s $442.81m acquisition of Ningxia Hongdunzi Coal Industry
  • The $428m acquisition of Acacia Mining by Barrick Gold
  • Al Ezz Dekheila Steel’s acquisition of Al Ezz Flat Steel for $423.78m
Source: GlobalData

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