Add-on Acquisition • Metals/Mining

Mineral Resources Acquires Auvex Resources

On August 2, 2011, Mineral Resources acquired metals/mining company Auvex Resources

Acquisition Context
  • This is Mineral Resources’ 2nd transaction in the Metals/Mining sector.
  • This is Mineral Resources’ 2nd transaction in Australia.

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M&A Deal Summary

Date August 2, 2011
Target Auvex Resources
Sector Metals/Mining
Buyer(s) Mineral Resources
Deal Type Add-on Acquisition

Target Company

Auvex Resources

Mount Pleasant, Australia
Auvex Resources Ltd. is an exploration and production of iron ore minerals.
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Buyer Overview 1

Buyer

Mineral Resources

Osborne Park, Australia

Category Company
Founded 1993
Sector Metals/Mining
Employees7,200
Revenue 5.3B AUD (2024)
DESCRIPTION

Mineral Resources is a diversified mining service, contracting, processing, and commodities production company. Mineral Resources has a portfolio of market's various brands including PIHA, Crushing Services International, Process Minerals International, Polaris Metals, and Mesa Minerals. Mineral Resources was founded in 1993 and is based in Osborne Park, Australia.


Deal Context for Buyer #
Overall 2 of 2
Sector: Metals/Mining 2 of 2
Type: Add-on Acquisition 2 of 2
Country: Australia 2 of 2
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-25 Polaris Metals Pty.

Applecross, Australia

Polaris Metals Pty. Ltd. is an explorer and producer of iron ore. Polaris' tenements extend over an area of 6,000 square kilometres throughout Western Australia. Its iron deposits and prospective targets are found within two of WA's premier iron ore provinces, the Yilgarn and Pilbara.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Mineral Resources - Wodgina hard rock lithium mine

Applecross, Australia

Mineral Resources Ltd. - Wodgina hard rock lithium mine is a mining service provider.

Sell -