Total metals & mining industry cross border deals worth $1.63bn were announced globally for December 2020, with the $1.15bn acquisition of DSI Underground being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 20.1% over the previous month of $2.04bn and a drop of 12.8% when compared with the last 12-month average of $1.87bn.
In terms of number of cross border deals, the sector saw a drop of 21.95% with 32 deals in December 2020 when compared to the last 12-month average of 41 deals.
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By GlobalDataIn value terms, Europe led the activity with cross border deals worth $1.18bn in December 2020.
Metals & Mining industry cross border deals in December 2020: Top deals
The top five cross border deals accounted for 95.1% of the overall value during December 2020.
The combined value of the top five cross border deals stood at $1.55bn, against the overall value of $1.63bn recorded for the month.
The top five metals & mining industry cross border deals of December 2020 tracked by GlobalData were:
1) Sandvik’s $1.15bn acquisition of DSI Underground
2) The $225m acquisition of Greenstone Gold Mines GP by Orion Mine Finance
3) Chijin International (HK)’s $105m asset transaction with Resolute Mining
4) The $36.69m acquisition deal of SBQ Steels by Liberty House Group
5) Hargreaves Raw Material Services’ asset transaction deal with Hargreaves Services for $32.28m.