Total metals & mining industry cross border deals worth $398.5m were announced globally for February 2021, with the $307m asset transaction with Barrick Gold being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 65.04% over the previous month of $1.14bn and a drop of 78.6% when compared with the last 12-month average of $1.86bn.
In terms of number of cross border deals, the sector saw a drop of 23.81% with 32 deals in February 2021 when compared to the last 12-month average of 42 deals.
In value terms, South and Central America led the activity with cross border deals worth $323m in February 2021.
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By GlobalDataMetals & Mining industry cross border deals in February 2021: Top deals
The top five cross border deals accounted for 95.05% of the overall value during February 2021.
The combined value of the top five cross border deals stood at $378.78m, against the overall value of $398.5m recorded for the month.
The top five metals & mining industry cross border deals of February 2021 tracked by GlobalData were:
1) OZD Asia’s $307m asset transaction with Barrick Gold
2) The $23.28m private equity deal with Newcrest Mining by Allan Gray Australia and Orbis Investment Management
3) Sims’ $22.5m asset transaction with Alumisource
4) The $16m asset transaction deal of RCF VI CAD by Nova Royalty
5) P2 Gold’s asset transaction deal with Borealis Mining for $10m.