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Mining News Pro - Merger and acquisition (M&A) transactions in the Australian metals and mining industry reached $681.76-million in the second quarter of 2020, new analysis from GlobalData has shown.
The value marked an increase of 1.6% over the previous quarter and a drop of 51.5% when compared with the last four-quarter average of $1.41-billion.
GlobalData on Friday noted that Australia held a 7.7% share of the global metals & mining industry M&A deal value that totalled $8.86-billion in the second quarter.
In terms of deal activity, Australia recorded 80 deals during the three months under review, marking a rise of 37.9% over the previous quarter and a rise of 48.2% over the last four-quarter average.
The top five metals & mining industry M&A deals accounted for 75.3% of the overall value during the period, and the combined value of the top five metals & mining M&A deals stood at $513.62-million, against the overall value of $681.76-million recorded for the month.
The top five metals & mining industry M&A deals during the second quarter included Shandong Gold Mining’s $221.14-million acquisition of Cardinal Resources, the $113.11-million acquisition of Stanmore Coal by Golden Energy and Resources, Aeris Resources’ $86.52-million asset transaction with Evolution Mining, the $51.91-million acquisition of Cassini Resources by OZ Minerals and Perseus Mining’s acquisition of Exore Resources for $40.94-million.
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https://www.miningnews.ir/En/News/583724
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