Home / News / Mining industry / Mining companies concluded record number of M&A deals at the end of 2020

Mining companies concluded record number of M&A deals at the end of 2020

Mining industry / Ukraine

Rising raw material prices in the second half of 2020 have pushed the world's largest mining companies to take over smaller competitors.

Mining companies concluded record number of M&A deals at the end of 2020

The volume of cross-border mergers and acquisitions (M&A) announced in the mining sector in the fourth quarter of 2020 amounted to $ 7.7 billion, according to the British think tank GlobalData.

Deal values ​​are up 594% from the third quarter and 71.5% from the four-quarter average of $ 4.49 billion.

The five largest transactions accounted for $ 6.11 billion, or 79.3% of all transactions for the period. Including:

  • purchase of KAZ Minerals shares by Nova Resources for $ 2.39 billion;
  • Endeavor Mining acquires Teranga Gold for $ 1.86 billion;
  • Sandvik acquires DSI Underground for $ 1.15 billion;
  • $ 490 million deal between Shanghai Decent Investment Group and Nickel Mines;
  • Purchase of Greenstone Gold Mines GP by Orion Mine Finance for $ 225 million.

In 2020, the mining industry announced a total of $ 20.02 billion of cross-border M&A deals, down 28.8% from the previous year.

МЕТАЛЛУРГПРОМ
Add a comment
Сomments (0)
To comment
Войти с ВК Войти с ФБ Войти с Яндекс
Sign in with:
Войти с ВК Войти с ФБ Войти с Яндекс