DEALS ANALYSIS
Deals activity: South and Central America leads in growth; gold retains lead by sector
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Deals activity by geography
Mining industry deals, as captured by GlobalData’s Mining Intelligence Centre, are up year-on-year (YoY) across almost all regions.
North America is leading in terms of deal value ($1,418,020m) but has seen negative YoY growth (-8.87%). Only South and Central America has managed to maintain a positive growth, with an increase of 7.62%.
The volume of deals recorded by GlobalData decreased YoY in Asia-Pacific (-16.97%), Middle East and Africa (-8.26%), and Europe (-3.1%).
Deals activity by type
| Deal type | Total deal value ($m) | Total deal count | YoY change (volume) |
| Equity Offering | 468793 | 23772 | 54.48 |
| Asset Transaction | 533323 | 10774 | 16.36 |
| Acquisition | 2081018 | 9229 | 47.2 |
| Debt Offering | 824883 | 2534 | -18.78 |
| Partnership | 3477 | 1413 | 89.22 |
| Private Equity | 63920 | 676 | 96.02 |
| Venture Financing | 1517 | 242 | 199.56 |
| Merger | 54199 | 220 | -59.06 |
A breakdown of deals by type and volume shows a general positive uptick, with acquisitions up 47.2% YoY, mergers down -59.06%, partnerships up a huge 89.22%, and asset transactions up 16.36%. Financing deals have seen a similar positive trend, with venture financing up 199.56% YoY, equity offerings up 54.48%, and private equity up 96.02%. However, debt offerings are down -18.78%.
Deals activity by sector
The most notable development apparent in GlobalData’s analysis of mining industry deals by sector is the continuing strength of gold. All other sectors have retained their relative rankings by volume from the year before, though other commodities have continued to beat silver in 2021. In 2020, other commodities saw 1,397 deals, while silver saw 1,402. Other commodities have so far in 2021 accrued 484 deals, while silver has seen only 388.
Note: All numbers as of 21 July 2021. Deals captured by GlobalData cover M&As, strategic alliances, various types of financing and contract service agreements.
For more insight and data, visit GlobalData's Mining Intelligence Centre.
Latest deals in brief
Endeavour to acquire Canamex’s Bruner gold project in US
Canadian miner Endeavour Silver has agreed to acquire a 100% interest in the Bruner gold and silver project in Nevada, US, from Canamex Gold in a $10m cash deal.
Ganfeng Lithium to acquire Millennial Lithium for $280m
Ganfeng Lithium has agreed to acquire Canadian exploration and development company Millennial Lithium in a $280m (C$353m) deal.
Mantaro Silver to acquire four mineral concessions in Peru
Mantaro Silver has agreed to acquire four mineral concessions surrounding the high-grade Santas Gloria Silver Property in Peru for an undisclosed sum.
AngloGold Ashanti makes $370m offer to take over Corvus Gold
South Africa-based gold miner AngloGold Ashanti has made a non-binding offer to acquire the remaining stake in Canadian firm Corvus Gold for around $370m.
Norway’s Deepocean to acquire majority stake in Adepth Minerals
Norway-based ocean services provider DeepOcean has agreed to acquire a majority stake in Adepth Minerals, a marine minerals exploration company.
Rhizen signs oncology drug development deal with Curon
Swiss biopharma company Rhizen Pharmaceuticals has signed an exclusive licensing agreement with Curon Biopharmaceutical to develop and commercialise Tenalisib for oncology in the Greater China region. Tenalisib, a highly selective dual PI3K delta and gamma inhibitor, is currently in Phase II clinical development for haematological malignancies. The US FDA granted fast track and orphan drug designations for the drug candidate Tenalisib as a treatment for relapsed/refractory peripheral T-cell lymphoma and cutaneous T-cell lymphoma.
