Global metals & mining industry M&A deals total $7.87bn in December 2019

Total metals & mining industry M&A deals in December 2019 worth $7.87bn were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 13.2% over the previous month and a rise of 76.5% when compared with the last 12-month average, which stood at $4.46bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $4.73bn. At the country level, the US topped the list in terms of deal value at $3.02bn.

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 December 2019 was Canada with 15 deals, followed by the US with 12 and Australia with 11.

In 2019, as of the end of December 2019, metals & mining M&A deals worth $55.11bn were announced globally, marking a decrease of 43.6% year on year.

Top deals

The top five metals & mining industry M&A deals accounted for 82.6% of the overall value during December 2019.

The combined value of the top five metals & mining M&A deals stood at $6.5bn, against the overall value of $7.87bn recorded for the month.

The top five metals & mining industry deals of December 2019 tracked by GlobalData were:

1. Cleveland-Cliffs’ $3bn acquisition of AK Steel Holding
2. The $1.12bn acquisition of PIM Cupric by Jiangxi Copper (Hong Kong) Investment Limited
3. Gold Mountains (H.K.) International Mining Limited’s $1.03bn acquisition of Continental Gold
4. The $800m acquisition of Kalgoorlie Lake View by Northern Star Resources
5. Northern Star Resources’ acquisition of Kalgoorlie Consolidated Gold Mines for $550.55m.