Total metals & mining industry cross border M&A deals worth $1.09bn were announced globally in March 2021, led by Newmont’s $311m acquisition of GT Gold, according to GlobalData’s deals database.
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The value marked an increase of 63.1% over the previous month of $668.16m and a drop of 37.4% when compared with the last 12-month average, which stood at $1.74bn.
Comparing cross border M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $897.04m. At the country level, the Canada topped the list in terms of deal value at $896.99m.
In terms of volumes, North America emerged as the top region for metals & mining industry cross border M&A deals globally, followed by Asia-Pacific and then South and Central America.
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By GlobalDataThe top country in terms of cross border M&A deals activity in March 2021 was Canada with ten deals, followed by the Australia with six and the UK with three.
In 2021, as of March, metals & mining cross border M&A deals worth $2.87bn were announced globally, marking an increase of 40.1% year on year.
metals & mining industry cross border M&A deals in March 2021: Top deals
The top five cross border M&A deals accounted for 92.9% of the overall value during March 2021.
The combined value of the top five metals & mining cross border M&A deals stood at $1.01bn, against the overall value of $1.09bn recorded for the month.
The top five metals & mining industry cross border M&A deals of March 2021 tracked by GlobalData were:
1) Newmont’s $311m acquisition of GT Gold
2) The $290m asset transaction with Capstone Mining by Wheaton Precious Metals International
3) Evolution Mining’s $274.4m acquisition of Battle North Gold
4) The $85.19m acquisition of Trans-Siberian Gold by Horvik
5) Ascend Global Investment Fund’s acquisition of PT Golden Energy Mines for $50m.