M&A Deal Summary

Rio Tinto Acquires Alcan

On July 12, 2007, Rio Tinto plc acquired metals/mining company Alcan, Inc. for 38.1B USD

Acquisition Highlights
  • This is Rio Tinto’s 2nd transaction in the Metals/Mining sector.
  • This is Rio Tinto’s 1st largest (disclosed) transaction.
  • This is Rio Tinto’s 1st transaction in Canada.
  • This is Rio Tinto’s 1st transaction in Quebec.

M&A Deal Summary

Date 2007-07-12
Target Alcan, Inc.
Sector Metals/Mining
Buyer(s) Rio Tinto plc
Deal Type Add-on Acquisition
Deal Value 38.1B USD

Target

Alcan, Inc.

Montreal, Quebec, Canada
website
Alcan, Inc. is a Canadian mining company and aluminium manufacturer. The Company also offers engineered products and packaging industries primarily in North America, Europe, and Asia.

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Buyer(S) 1

Buyer

Rio Tinto plc

London, United Kingdom

website


Category Company
Founded 1873
SectorMetals/Mining
Employees47,500
Revenue 44.6B USD (2020)
DESCRIPTION

Rio Tinto is a mining and metals company. Company engages in finding, mining and processing the Earth's mineral resources. Company take a long-term, disciplined approach, developing and running long-life, low-cost, expandable operations that are capable of delivering value throughout the cycle. Rio Tinto was founded in 1873 and is based in London, the United Kingdom.


DEAL STATS #
Overall 2 of 7
Sector (Metals/Mining) 2 of 6
Type (Add-on Acquisition) 1 of 5
State (Quebec) 1 of 1
Country (Canada) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 Kennecott Greens Creek Mining Co.

Juneau, Alaska, United States

Kennecott Greens Creek Mining is a silver, gold, zinc and lead underground mine and concentrator lead in Southeast Alaska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-10 Kintyre Project

Subiaco, Australia

Kintyre is located in the East Pilbara region of Western Australia, approximately 270km north-east of Newman and 90km south of Telfer, on the south-west margin of the Great Sandy Desert. The Kintyre tenements comprise four granted Mining Leases, four Mining Lease Applications, a Miscellaneous Licence and 12 Prospecting Licences, which together cover a total area of approximately 52 km2.

Sell $495M