MINERALS PROCESSING PARTNERSHIP

Nova Resources’ $2.39 billion acquisition of KAZ Minerals was the metals and mining industry’s biggest cross border deal of Q4,2020 as cross border deals worth $7.7 billion were announced globally in the quarter, according to GlobalData’s deals database.

The value marked an increase of 575.4% over the previous quarter and a rise of 56.5% when compared with the last four-quarter average of $4.92 billion.

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In terms of number of cross border deals, the sector saw a drop of 4.27% over the last four-quarter average with 112 deals against the average of 117 deals.

In value terms, North America led the activity with cross border deals worth $3.61 billion.

The top five metals & mining industry cross border deals accounted for 79.3% of the overall value during Q4 2020.

The combined value of the top five cross border deals stood at $6.11 billion, against the overall value of $7.7 billion recorded for the quarter.

The top five metals and mining industry cross border deals of Q4,2020 tracked by GlobalData were:

  • Nova Resources’ $2.39 billion acquisition of KAZ Minerals
  • The $1.86 billion acquisition of Teranga Gold by Endeavour Mining
  • Sandvik’s $1.15 billion acquisition of DSI Underground
  • The $490 million asset transaction with Shanghai Decent Investment Group by Nickel Mines
  • Orion Mine Finance’s acquisition of Greenstone Gold Mines GP for $225 million.