Australia: metals and mining activity down 26.76% in Q1

According to the latest analysis from GlobalData, metals and mining activity was down almost 27% in Q1 this year

Australia’s metals and mining industry saw a drop of 26.76% in overall deal activity during Q1 2021, when compared with the last four-quarter average, according to the latest analysis from GlobalData’s deals database.

A total of 65 deals worth $183.92mn were announced in Q1 2021, compared with the last four-quarter average of 88.75 deals.

Mergers & Acquisitions

M&A was the leading category in the quarter with 62 deals which accounted for 95.4% of all deals. In second place was private equity with two deals, followed by venture financing with one transaction, respectively accounting for 3.1% and 1.5% of overall deal activity in Australia’s metals and mining industry during the quarter.

In terms of value of deals, M&A was the leading deal category with total deals worth $160.05mn, while private equity and venture financing deals totalled $23.28mn and $0.59mn, respectively.

Australia's top mining and metals deals

Australia's top five metals and mining industry deals accounted for 59.9% of the overall value during Q1 2021. The combined value of the top five metals & mining deals stood at $110.25mn, against the overall value of $183.92mn recorded for the quarter.

Top five deals tracked by GlobalData:

  • Cyprium Metals’ $46.09m acquisition of Paterson Copper
  • The $23.28mn private equity deal with Newcrest Mining by Allan Gray Australia and Orbis Investment Management
  • Northern Star (Carosue Dam)’s $13.94mn asset transaction with Shannon Resources
  • The $13.63mn acquisition deal with Big River Gold by Dundee
  • Red Emperor Resources’ asset transaction with Great Northern Palladium for $13.31mn

Featured Articles

Rio Tinto, not Anglo American, 'is BHP's Real Target'

As Anglo American restructures in face of takeover bid, experts believe BHP's real target is Rio Tinto, the world's second largest metals & minerals miner

Anglo American Rejects Latest BHP Bid for Copper Supremacy

As Anglo American rebuffs BHP Group's $42bn takeover bid we profile the huge Anglo-owned copper mines that BHP has in its sights

Investing in America Boost for US Critical Minerals Mining

Critical minerals mining and extraction activities in the US now fall under President Biden’s Investing in America agenda and are eligible for funding

Australia Looks to Loosen China's Grip on Critical Minerals

Supply Chain & Operations

EY: Silver Miners' Sustainability & Supply Challenge

Smart Mining

Caterpillar: Profile of a Mining Equipment Colossus