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.