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US metal & mining M&A total $1.5bn in Q3

Total metals & mining industry mergers and acquisition (M&A) deals in Q3 2020 worth $1.59 billion were announced in the US, according to GlobalData’s deals database.
By Ben Spencer December 4, 2020 Read time: 1 min
The top five metals & mining industry M&A deals accounted for 98.2% of the overall value during Q3 2020 (© Sergeychernov | Dreamstime.com)
The top five metals & mining industry M&A deals accounted for 98.2% of the overall value during Q3 2020 (© Sergeychernov | Dreamstime.com)

GlobalData says the value marked a decrease of 13% over the previous quarter and a drop of 10.9% when compared with the last four-quarter average of $1.79bn.

The US held a 22.1% share of the global metals & mining industry M&A deal value that totalled $7.21bn in Q3 2020.

In terms of deal activity, the US recorded 51 deals during Q3 2020, marking a rise of 18.6% over the previous quarter and a rise of 34.2% over the last four-quarter average.

According to GlobalData, the top five metals & mining industry M&A deals accounted for 98.2% of the overall value during Q3 2020.

The combined value of the top five metals & mining M&A deals stood at $1.57bn, against the overall value of $1.59bn recorded for the month.

The top five metals & mining industry deals of Q3 2020 tracked by GlobalData were:

  • The $1.4bn merger of ArcelorMittal USA and Cleveland-Cliffs
  • The $90m asset transaction with Newmont by Maverix Metals
  • Premier Gold Mines USA and Premier Gold Mines’ $50m acquisition of Osgood MiningLLC
  • The $16.8m asset transaction with Barrick Gold by Bullfrog Gold
  • Altius Minerals’ asset transaction with Liberty Metals & Mining Holdings for $8.38m

For more information on companies in this article

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