M&A

North America leads soft February mining M&A

GlobalData flags two-thirds drop in 12-month deal value for February

Staff Reporter

This article is 4 years old. Images might not display.

The research group said February M&A was worth only US$1.26 billion, 18.4% up on January but 61.7% down on the past 12-month average of $3.29 billion.

Canada led with 40 deals in February, followed by Australia with 15 and the US with 12.

North America had $400.66 million of deals in February.

At the country level, South Africa topped the deal-value chart with $300 million as AngloGold Ashanti sold its remaining mining assets in the country to Harmony Gold Mining.

GlobalData said deals worth $2.32 billion were on the table, globally, at the end of February - down 88.2% on the same time last year.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.