Global metals and mining industry deals reached $1.66 billion in February 2020, according to GlobalData’s deals database.
The value marked an increase of 52 per cent over the previous month and a drop of 53.7 per cent when compared with the last 12-month average of $3.58bn.
In terms of number of deals, the sector saw a drop of 4.6 per cent over the last 12-month average with 103 deals against the average of 108 deals.
In value terms, North America led the activity with deals worth $730.79m.
The top deals
The top five metals and mining deals accounted for 72.3 per cent of the overall value during February 2020.
The combined value of the top five deals stood at $1.2bn, against the overall value of $1.66bn recorded for the month.
The biggest metals and mining industry deals in February 2020 tracked by GlobalData were:
- Harmony Gold Mining’s $300m acquisition of AngloGold Security ServicesLimited, Covalent Water CompanyLimited, First Uranium (Pty) and Masakhisane InvestmentsLimited
- The $300m private equity deal with New Gold by Ontario Teachers’ Pension Plan
- Guerrero Ventures’ $268m asset transaction with Orion Resource Partners (USA)
- The $263m asset transaction with Mantos Copper Holding by Mitsubishi Materials
- Kotak Special Situations Fund’s private equity deal with Jindal Stainless for $69m.