M&A Deal Summary

Glencore Acquires Optimum Coal Holdings

On March 27, 2012, Glencore acquired metals/mining company Optimum Coal Holdings

Acquisition Highlights
  • This is Glencore’s 2nd transaction in the Metals/Mining sector.
  • This is Glencore’s 2nd transaction in South Africa.

M&A Deal Summary

Date 2012-03-27
Target Optimum Coal Holdings
Sector Metals/Mining
Buyer(s) Glencore
Deal Type Add-on Acquisition

Target

Optimum Coal Holdings

Johannesburg, South Africa
Optimum Coal Holdings Ltd. engages in the production and sale of low sulphur thermal coal in South Africa.

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Buyer(S) 1

Buyer

Glencore

Baar, Switzerland

Category Company
Founded 1974
Sector Metals/Mining
Employees84,146
Revenue 230.9B USD (2024)
DESCRIPTION

Glencore is a provider 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 was founded in 1974 and is based in Baar, Switzerland.


DEAL STATS #
Overall 2 of 9
Sector: Metals/Mining M&A 2 of 7
Type: Add-on Acquisition M&A Deals 2 of 6
Country: South Africa M&A 2 of 2
Year: 2012 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-20 Viterra - Agri-Products Business

Regina, Saskatchewan, Canada

Viterra operates a network of 258 agri-products retail locations throughout Western Canada and 17 retail locations in Australia. Retail locations offer fertilizer, crop protection products, seed and equipment to growers. Viterra also has a minority interest in a nitrogen fertilizer manufacturing plant in Medicine Hat, Alberta.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-11 Rosh Pinah Zinc

Rosh Pinah, Namibia

Rosh Pinah operates an underground zinc/lead mine in south-western Namibia, 800 kilometres south of Windhoek. The mine produced 89,000 tonnes of zinc concentrate and 16,000 tons of lead concentrate in 2011. Intensive on-mine exploration is underway to add to the total mineral resource base of 8 million tonnes.

Buy -