Investment Summary

Glencore, Sumitomo, Mitsubishi Development Pty, J-Power Australia Pty and J.C.D. Australia Pty Invest In Clermont Mine

On June 2, 2014, Glencore, Sumitomo, Mitsubishi Development Pty, J-Power Australia Pty and J.C.D. Australia Pty invested in metals/mining company Clermont Mine from Rio Tinto for 1.0B USD

Investment Highlights
  • This is Glencore’s 6th, Sumitomo’s 3rd, Mitsubishi Development Pty’s 2nd, J-Power Australia Pty’s 1st and J.C.D. Australia Pty’s 1st transaction in the Metals/Mining sector.
  • This is Glencore’s 2nd, Sumitomo’s , Mitsubishi Development Pty’s , J-Power Australia Pty’s and J.C.D. Australia Pty’s largest (disclosed) transaction.
  • This is Glencore’s 1st, Sumitomo’s 2nd, Mitsubishi Development Pty’s 2nd, J-Power Australia Pty’s 1st and J.C.D. Australia Pty’s 1st transaction in Australia.

Investment Summary

Date 2014-06-02
Target Clermont Mine
Sector Metals/Mining
Investor(s) Glencore
Sumitomo
Mitsubishi Development Pty
J-Power Australia Pty
J.C.D. Australia Pty
Sellers(s) Rio Tinto
Deal Type Stake Purchase
Deal Value 1.0B USD

Target

Clermont Mine

Australia
Clermont now produces approximately 12 million metric tonnes of high energy thermal coal with relatively low ash and sulphur using a truck and shovel method. Clermont is a large scale open-cut operation, located approximately 12 kilometres from the town of Clermont in central Queensland.

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Investor(S) 5

Investor

Glencore

Baar, Switzerland

website


Category Company
Founded 1974
Sector Metals/Mining
Employees135,000
Revenue 203.8B USD (2021)
DESCRIPTION

Glencore is a supplier of physical commodities including energy (oil and coal), base metals, soft commodities and agriculture to industrial consumers. These commodities originate from Glencore's directly or indirectly owned production assets, or are secured by Glencore from third parties. Glencore also provides financing, logistics and other supply chain services to producers and consumers of commodities. Glencore is headquartered in Baar, Switzerland, and has marketing and industrial operations in over 40 countries. Glencore was founded in 1974 and is based in Baar, Switzerland.


DEAL STATS #
Overall 8 of 9
Sector (Metals/Mining) 6 of 7
Type (Stake Purchase) 2 of 2
Country (Australia) 1 of 1
Year (2014) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-14 Caracal Energy

Calgary, Alberta, Canada

Caracal Energy Inc., a Canadian based international oil exploration and development company active in the Republic of Chad.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 Inatech Solutions

London, United Kingdom

Inatech Solutions Ltd. is an independent oracle service provider. It offers consulting, ongoing application management and cloud hosting.

Sell -
Investor

Sumitomo

Tokyo, Japan

website


Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 5,495.0B JPY (2022)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.


DEAL STATS #
Overall 10 of 40
Sector (Metals/Mining) 3 of 4
Type (Stake Purchase) 1 of 11
Country (Australia) 2 of 3
Year (2014) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-13 Kyowa Hakko Europe

Dusseldorf, Germany

Kyowa Hakko cosmetic ingredients, vitamins and moisturising agents for hair and skin care products to consumers across Europe and the Middle East.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-18 Bank Tabungan Pensiunan Nasional Tbk

Jakarta, Indonesia

Bank Tabungan Pensiunan Nasional Tbk provides banking services in Indonesia.

Buy $465M
Investor

Mitsubishi Development Pty

Melbourne, Australia

Category Company
Founded 1968
Sector Oil/Gas Exploration
Employees3,125
DESCRIPTION

Mitsubishi Development Pty Ltd owns coal mines in Australia. The company offers coal for manufacturing steel, and thermal coal for generating electrical power and general industrial use.


DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Stake Purchase) 1 of 1
Country (Australia) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS 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.

Buy $495M
Investor

J-Power Australia Pty

Brisbane, Australia

Category Company
Founded 1981
Sector Utilities
DESCRIPTION

J-Power Australia Pty Ltd. engages in the wholesale supply of thermal power.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Australia) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
Investor

J.C.D. Australia Pty

Sydney, Australia

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

J.C.D. Australia Pty.Ltd. develops and produces thermal coal in Australia.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Australia) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Rio Tinto

London, United Kingdom

website


Category Company
Founded 1873
Sector Metals/Mining
Employees47,500
Revenue 55.6B USD (2022)
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 11 of 14
Sector (Metals/Mining) 9 of 11
Type (Stake Purchase) 2 of 2
Country (Australia) 3 of 5
Year (2014) 1 of 2
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-29 Northparkes Copper Mine

Australia

Northparkes Copper Mine comprises copper mines. The asset is located in New South Wales, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-08 Rio Tinto Coal Mozambique

Sydney,, Australia

Rio Tinto Coal Mozambique engages in the exploration, mining, and development of various resource projects in southern Africa.

Sell $50M