Cumulative global mining M&A transactions reach US$20 billion in 2020, down 28.8% year-on-year
According to data from the British analytics company GlobalData, the global mining industry has realized cross-border M&A transactions totaling US$7.7 billion in the fourth quarter of 2020.
This figure is an increase of 593.7% over the previous quarter and an increase of 71.5% over the average of US$4.49 billion in the past four quarters.
Comparing the value of cross-border M&A transactions in different regions, Europe ranks first. The total value of transactions announced during this period was US$3.61 billion. According to the country, the UK topped the list with a transaction value of US$2.46 billion.
In terms of transaction volume, North America has become the main region for cross-border M&A transactions, followed by the Asia-Pacific region, and then Europe.
According to the number of transactions, the number one country for cross-border M&A transactions in the fourth quarter of 2020 is the United States (17), followed by Australia (17) and Canada (12).
In the fourth quarter of 2020, the top five cross-border M&A transactions accounted for 79.3% of the total value. The total value of these transactions was US$6.11 billion, while the total value of the quarter was US$7.7 billion.
The top five cross-border mining transactions tracked by GlobalData in the fourth quarter of 2020 are:
1. Nova Resources acquired KAZ Minerals for US$2.39 billion;
2. Endeavor Mining acquired Teranga Gold for US$1.86 billion;
3. Sandvik acquired DSI Underground for US$1.15 billion;
4. Nickel Mines and Shanghai Dingxin Investment Group conducted a US$490 million asset transaction;
5. Orion Mine Finance acquired Greenstone Gold Mines GP for US$225 million.
As of the end of the fourth quarter of 2020, the global mining industry has completed a total of 20.02 billion US dollars of cross-border M&A transactions in 2020, a year-on-year decrease of 28.8%.
