US mining M&A deals total $1.74bn in Q4 – report

MINING.com Editor | February 5, 2021 | 10:46 am Intelligence Markets USA 
US mining M&A deals down 50% in Q4 2020 – report
Image courtesy of Big River Steel.

A total of $1.74 billion worth of M&A deals were announced in the US metals & mining industry during Q4 2020, according to GlobalData’s database.

This value marked a decrease of 50.1% over the previous quarter and a drop of 32.6% when compared with the last four-quarter average of $2.58 billion.

The US held a 9.2% share of the global metals & mining industry M&A deal value, which reached $18.94 billion in Q4 2020.

In terms of deal activity, the US recorded 44 deals during Q4 2020, marking a drop of 15.4% over the previous quarter and a rise of 10% over the last four-quarter average.

The top five US metals & mining industry deals accounted for 98.3% of the overall value during Q4 2020. The combined value of these deals stood at $1.71 billion, against the overall value of $1.74 billion recorded for the month.

The top five metals & mining industry deals of Q4 2020 tracked by GlobalData were:

  • U.S. Steel’s $774 million acquisition of Big River Steel LLC (Steel DevelopmentLLC)
  • The $670 million acquisition of Alcoa Warrick by Kaiser Aluminum
  • Magris Resources’ $223 million acquisition of Imerys Talc America, Imerys Talc Canada and Imerys Talc Vermont
  • The $34.4 million acquisition of CONSOL Coal Resources by CONSOL Energy
  • Riedel Resources’ acquisition of Flagstaff Minerals (USA) for $9.27 million.

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