Global metals and mining M&A deals increase by 29.1% in Q2

Total global metals & mining industry merger & acquisition deals in Q2 2020 were worth US$8.86bn, according to GlobalData’s deals database.
Quarry Products / August 12, 2020
By Liam McLoughlin
Vedanta Resources' US$2.15bn acquisition of Vedanta was the largest deal in Q2
Vedanta Resources' US$2.15bn acquisition of Vedanta was the largest deal in Q2

The value marked an increase of 29.1% over the previous quarter and a drop of 14.4% when compared with the last four-quarter average, which stood at US$10.35bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth US$4.27bn. At the country level, Canada topped the list in terms of deal value at US$2.92bn.

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 Q2 2020 was Canada with 151 deals, followed by Australia with 80 and the US with 42.

In 2020, as of the end of Q2 2020, metals & mining M&A deals worth US$17.16bn were announced globally, marking a decrease of 39.6% year on year.

The top five metals & mining industry M&A deals accounted for 59.2% of the overall value during Q2 2020. The combined value of the top five metals & mining M&A deals stood at US$5.24bn, against the overall value of $8.86bn recorded for the month.

The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were: Vedanta Resources’ US$2.15bn acquisition of Vedanta; the merger of Alacer Gold and SSR Mining for US$1.78bn; Tibet Zijin Industrial’s US$548m acquisition of Tibet Julong Copper Industry; the US$460m asset transaction with Blackstone Tactical Opportunities Fund, Lundin Gold and Orion Resource Partners (USA) by Newcrest Mining; Tronox’s asset transaction with Eramet for US$300m.