Mining, metals merger activity total $7bn in third quarter
The value of global metal and mining industry merger and acquisition (M&A) deals in the third quarter reached nearly $7-billion, data analytics and consulting company GlobalData has found.
This was a 48.2% increase compared with the second quarter but a 64.6% decrease compared with the last four-quarter average, which stood at $19.9-billion.
The Asia-Pacific region recorded the highest value of deals at $3.2-billion, while China topped the list in terms of deal value at country-level at $2.4-billion.
In terms of volume, North America was found to be the top region for metals and mining industry M&A deals globally, followed by Asia-Pacific and Europe.
The country with the most M&A deal activity in the third quarter was Canada, with 82 deals done, followed by Australia with 62 deals and the US with 38.
In the nine months ended September, global metal and mining M&A deals totalled $36.4-billion – a 55% decrease compared with the nine months ended September 30, 2018.
GlobalData said the top five metals and mining M&A deals of the third quarter were Liberty House Group’s $841-million asset transaction with ArcelorMittal; Baosteel Hong Kong Investment’s $658-million acquisition of Maanshan Iron & Steel; Beijing Haohua Energy Resource’s $442-million acquisition of Ningxia Hongdunzi Coal Industry; Barrick Gold’s $428-million acquisition of Acacia Mining; and Al Ezz Dekheila Steel’s $423-million acquisition of Al Ezz Flat Steel.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation