The merger and acquisitions deals in the global metals and mining industry in September fell by 63.4 per cent to hit $1.9 billion from the last year's figure of $5.18 billion, according to GlobalData’s deals database.
The value marked a decrease of 6.7% over the previous month, it stated.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals for the period worth $1.37 billion.
At the country level, China topped the list in terms of deal value at $1.34bn.
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 South and Central America, stated the report.
The top country in terms of M&A deals activity in September was Canada with 28 deals, followed by Australia with 18 and the US with 14.
In 2019, as of the end of September 2019, metals & mining M&A deals worth $36.46 billion were announced globally, marking a decrease of 55.1% year on year.
The top five metals & mining industry M&A deals accounted for 77.4% of the overall value during September 2019, said the report.
The top five metals & mining industry deals of September 2019 tracked by GlobalData were:
*Beijing Haohua Energy Resource’s $442.81m acquisition of Ningxia Hongdunzi Coal Industry
*The $408.55m acquisition of Shanxi Meijin Energy by Shanxi Jinmei Distressed Equity Investment Partnership
*Osisko Gold Royalties’ $254.73m acquisition of Barkerville Gold Mines
*The $231.6m acquisition of Yangchun New Steel by Hunan Valin Xiangtan Iron and Steel
*Shandong Zhaojin Group’s acquisition of Baoding Technology for $129.93m.
According to GlobalData, the combined value of the top five metals and mining M&A deals stood at $1.47 billion, against the overall value of $1.9 billion recorded for the month.-TradeArabia News Service