https://www.engineeringnews.co.za
Africa|Gold|Mining|Platinum|Resources|Steel
Africa|Gold|Mining|Platinum|Resources|Steel
africa|gold|mining|platinum|resources|steel

Middle East, Africa mining deal activity increases in second quarter

7th August 2020

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Overall deal activity in the Middle East and African metals and mining industry increased by 16.7% in the second quarter, data and analytics company GlobalData’s deals database shows.

Twenty-eight deals worth $1.44-billion were announced for the region during the quarter, against the last four-quarter average of 24 deals.

Of all the deal types, mergers and acquisitions (M&A) saw most activity, with 26 transactions. Private equity accounted for the other two deals.

In terms of deal value, private equity was the leading category in the Middle East and Africa with $1-billion, while M&A deals totalled $444.98-million.

The top five metals and mining deals accounted for 98.7% of the overall value during the period. The combined value of the top five metals and mining deals stood at $1.43-billion, against the overall value of $1.44-billion recorded for the quarter.

The top five metals and mining industry deals of the period tracked by GlobalData were Templar Investments’ $1-billion private equity deal with Jindal Shadeed Iron & Steel; the $300-million asset transaction between AngloGold Ashanti and Harmony Gold Mining; Northam Platinum’s $69.04-million acquisition of Zambezi Platinum; the $45-million asset transaction between B2Gold and West African Resources; and Hummingbird Resources’ acquisition of Cassidy Gold Guinea for $12.67-million.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

Magazine video image
Magazine round up | 29 March 2024
Updated 7 hours ago

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.2 0.259s - 158pq - 2rq
Subscribe Now