Mining News South Africa

Subscribe

Elections 2024

Siviwe Gwarube tells us why the DA could help South Africa succeed!

Siviwe Gwarube tells us why the DA could help South Africa succeed!

sona.co.za

Advertise your job ad
    Search jobs

    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

    Let's do Biz