US prosecutors indict Gautam Adani on bribery charges
The billionaire was charged with participating in a scheme that involved paying more than $250 million in bribes to Indian government officials.
According to GlobalData’s latest report, M&A deals in the U.S. metals and mining industry for the third quarter of 2020 totaled $1.59 billion. The valuation is a decrease of 13% from the previous quarter, and also marks a drop of 10.9% in comparison to the last four-quarter average of $1.79 billion.
Globally, third quarter metals and mining industry M&A deal values totalled $7.21 billion, of which U.S. deals comprised 22.1%.
The firm’s deals database shows that the U.S. industry saw 51 deals in the third quarter, which was an increase of 18.6% from the second quarter, and was up 34.2% over the last four-quarter average in the country. The top five U.S. M&A deals made up 98.2% of the overall value in the region’s third quarter, amounting to $1.57 billion of the $1.59 billion total.
According to GlobalData, those top five deals in the third quarter were: ArcelorMittal USA (NYSE: MT) and Cleveland-Cliffs’ (NYSE: CLF) $1.4 billion merger; the $90 million asset transaction with Newmont (TSX: NGT; NYSE: NEM) by Maverix Metals (TSX: MMX; NYSE: MMX); the $50 million acquisition of OsgoodMiningLLC by Premier Gold Mines (TSX: PG; US-OTC: PIRGF) and their subsidiary Premier Gold Mines USA; the $16.8 million asset transaction by Bullfrog Gold with Barrick Gold (TSX: ABX; NYSE: GOLD); and Altius Minerals’ (TSE: ALS) $8.38 million asset transaction with Liberty Metals & Mining Holdings.
