Total metals & mining industry M&A deals in Q1 2020 worth $608m were announced in Australia, according to GlobalData’s deals database.
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The value marked a decrease of 81.6% over the previous quarter and a drop of 58.3% when compared with the last four-quarter average of $1.46bn.
Australia held an 8.3% share of the global metals & mining industry M&A deal value that totalled $7.32bn in Q1 2020.
In terms of deal activity, Australia recorded 52 deals during Q1 2020, marking a rise of 6.1% over the previous quarter and a drop of 1.9% over the last four-quarter average.
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By GlobalDataAustralia metals & mining industry M&A deals in Q1 2020: Top deals
The top five metals & mining industry M&A deals accounted for 70.6% of the overall value during Q1 2020.
The combined value of the top five metals & mining M&A deals stood at $429.45m, against the overall value of $608m recorded for the month.
The top five metals & mining industry deals of Q1 2020 tracked by GlobalData were:
1) Yancoal Australia‘s $179.63m acquisition of Moolarben Coal Joint Venture
2) The $153m acquisition of Spectrum Metals by Ramelius Resources
3) Emeco Holdings’ $48.62m acquisition of Pit N Portal Equipment Hire and Pit N Portal Mining Services
4) The $35.55m acquisition of Auctus Chillagoe Holdings by Consolidated Tin Mines
5) Contura MiningLtd’s acquisition of Metquip for $12.65m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.