Global metals & mining industry M&A deals total $1.26bn in February 2020


Total metals & mining industry M&A deals in February 2020 worth $1.26bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 18.4% over the previous month and a drop of 61.7% when compared with the last 12-month average, which stood at $3.29bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $400.66m. At the country level, South Africa topped the list in terms of deal value at $300m.

In terms of volumes, North America emerged as the top region for metals & mining industry M&A deals globally, followed by Asia-Pacific and then Europe.

The top country in terms of M&A deals activity in February 2020 was Canada with 40 deals, followed by Australia with 15 and the US with 12.

In 2020, as of the end of February 2020, metals & mining M&A deals worth $2.32bn were announced globally, marking a decrease of 88.2% year on year.

Metals & mining industry M&A deals in February 2020: Top deals

The top five metals & mining industry M&A deals accounted for 74.6% of the overall value during February 2020.

The combined value of the top five metals & mining M&A deals stood at $939.64m, against the overall value of $1.26bn recorded for the month.

The top five metals & mining industry deals of 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 $268m asset transaction with Orion Resource Partners (USA) by Guerrero Ventures
  • Mitsubishi Materials’ $263m asset transaction with Mantos Copper Holding
  • The $59.5m acquisition of Adhunik Metaliks and Zion Steel by GFG Alliance
  • Guerrero Ventures’ asset transaction with Yamana Gold for $49.13m.