Global M&A activity in mining reaches $1.26 billion in February

A latest Global Data report has found that the global metals and mining industry recorded US$1.26 billion in mergers and acquisition (M&A) deals during February.

This represents an 18.4% rise on the value of M&A deals recorded in January, but a 67.1% fall on the 2019 average in the mining industry, which stood at $3.29 billion.

In February, the most activity took place in the traditional hubs of the mining sector – Canada and Australia. 40 deals were struck in Canada, followed by 15 in Australia.

South Africa’s Harmony Gold Mining made the biggest acquisition of the month, buying AngloGold Security ServicesLimited, Covalent Water CompanyLimited, First Uranium (Pty) and Masakhisane InvestmentsLimited for $300 million.

This deal made South Africa the most valuable country for M&A in February, although North America was the most valuable region, with a total of $400.66 million during the month.

The top five deals in February attributed to 74.6% of the total M&A deal value ($939.64 million).