Australian M&A falls 49% in third quarter
PERTH (miningweekly.com) – Australia’s top five mining and metal merger and acquisition (M&A) agreements in the third quarter of this year was valued at a combined $335.35-million, accounting for 75.4% of the overall deal value in the same period.
Analysts GlobalData’s addition to the M&A transactions included Russian gold miner Nordgold’s $247.1-million offer for ASX-listed Cardinal Resources, the $42.91-million acquisition of Millennium Minerals by Novo Resources, Auris Minerals’ $16.49-million acquisition of Sams Creek Gold, and Calidus Resources’ asset transaction with Novo Resources for $14.21-million.
Total metals & mining industry M&A deals in the third quarter was worth $444.85-million in Australia, GlobalData’s deals database has shown.
The value marked a decrease of 49% over the previous quarter and a drop of 68.4% when compared with the last four-quarter average of $1.41-billion.
Australia held a 6.2% share of the global metals & mining industry M&A deal value that totalled $7.21-billion in the third quarter of 2020.
In terms of deal activity, Australia recorded 108 deals during the third quarter, marking a rise of 33.3% over the previous quarter and a rise of 74.2% over the last four-quarter average.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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