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Q4 M&A soars in Australia - GlobalData

1st February 2021

     

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PERTH (miningweekly.com) – Merger and acquisition (M&A) activity in Australia’s metal and mining industry was worth some A$5.17-billion in the fourth quarter of last year, new data from GlobalData has shown.

The value marked an increase of 840% over the previous quarter and a rise of 278.1% when compared with the last four-quarter average of A$1.37-billion, GlobalData reported.

Australia held a 27.3% share of the global metals and mining industry M&A deal value that totalled A$18.94-billion in the fourth quarter of 2020. In terms of deal activity, Australia recorded 75 deals during this period, marking a drop of 37% over the previous quarter and a drop of 3.9% over the last four-quarter average.

The top five metals and mining industry M&A deals accounted for 90.4% of the overall value during the fourth quarter, the combined value of which stood at A$4.67-billion

The top five metals and mining industry deals of the fourth quarter included Northern Star Resources’ A$4.11-billion acquisition of Saracen Mineral Holdings, the A$175-million acquisition of Altura Lithium Operations by Pilbara Minerals, Aurelia Metals’ A$148.81-million acquisition of the Dargues gold mine, the A$132.08-million asset transaction with Downer EDI by MACA, and YGH Australia Investment’s asset transaction with Sheffield Resources for A$98.12-million.

Edited by Creamer Media Reporter

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