Middle East and Africa’s metals & mining industry saw a rise of 16,7% in overall deal activity during Q2 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
A total of 28 deals worth US$1,44-billion were announced for the region during Q2 2020, against the last four-quarter average of 24 deals. Of all the deal types, M&A saw most activity in Q2 2020 with 26, representing a 92,9% share for the region.
In second place was private equity with two deals, capturing a 7,1% share of the overall deal activity for the quarter.
In terms of value of deals, private equity was the leading category in Middle East and Africa’s metals & mining industry with US$1000-million, while M&A deals totalled US$444,98-million.
The top five metals & mining deals accounted for 98,7% of the overall value during Q2 2020.
The combined value of the top five metals & mining deals stood at US$1,43-billion, against the overall value of US$1,44-billion recorded for the quarter.
The top five metals & mining industry deals of Q2 2020 tracked by GlobalData were:
- Templar Investments’ US$1-billion private equity deal with Jindal Shadeed Iron & Steel
- The US$300-million asset transaction with AngloGold Ashanti by Harmony Gold Mining
- Northam Platinum’s US$69,04-million acquisition of Zambezi Platinum
- The US$45-million asset transaction with B2Gold and GAMS-Mining F&I by West African Resources
- Hummingbird Resources’ acquisition of Cassidy Gold Guinee for US$12,67-million
