Total metals & mining industry deals for Q2 2019 worth $7.55bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 65.6% over the previous quarter and a drop of 68.6% when compared with the last four-quarter average of $24.1bn.
In terms of number of deals, the sector saw a drop of 3% over the last four-quarter average with 325 deals against the average of 335 deals.
In value terms, North America led the activity with deals worth $2.94bn.
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By GlobalDataMetals & mining industry deals in Q2 2019: Top deals
The top five metals & mining deals accounted for 45.8% of the overall value during Q2 2019.
The combined value of the top five metals & mining deals stood at $3.46bn, against the overall value of $7.55bn recorded for the quarter. The top announced metals & mining deal tracked by GlobalData in Q2 2019 was Wieland-Werke’s $1.14bn acquisition of Global Brass and Copper.
In second place was the $800m acquisition of Mineracao Maraca Industria e Comercio by Lundin Mining and in third place was St. Barbara’s $596.22m acquisition of Atlantic Gold.
The $546.33m acquisition of Kidman Resources by Wesfarmers and Pala Investments’ private equity deal with Cobalt 27 Capital for $373.59m held fourth and fifth positions, respectively.
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.