M&A Deal Summary

Mount Gibson Iron Acquires Gindalbie Metals - Shine Hematite Project

On March 7, 2014, Mount Gibson Iron acquired metals/mining company Gindalbie Metals - Shine Hematite Project from Gindalbie Metals for 12M AUD

Acquisition Highlights
  • This is Mount Gibson Iron’s 3rd transaction in the Metals/Mining sector.
  • This is Mount Gibson Iron’s largest (disclosed) transaction.
  • This is Mount Gibson Iron’s 3rd transaction in Australia.

M&A Deal Summary
Date 2014-03-07
Target Gindalbie Metals - Shine Hematite Project
Sector Metals/Mining
Buyer(s) Mount Gibson Iron
Sellers(s) Gindalbie Metals
Deal Type Divestiture
Deal Value 12M AUD

Target

Gindalbie Metals - Shine Hematite Project

Australia
Gindalbie Metals's Shine Hematite Project is an iron ore project which is located approximately 250 kilometres east of Geraldton in the Mid West region of Western Australia.

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Buyer(S) 1

Buyer

Mount Gibson Iron

West Perth, Australia
Category Company
Founded 1938
Sector Metals/Mining
Employees371
Revenue 453M AUD (2023)
DESCRIPTION

Mount Gibson Iron is a producer of high quality direct shipping grade iron ore products, with assets in the Kimberley and Mid West regions of Western Australia. Mount Gibson Iron was founded in 1938 and is based in West Perth, Australia.

DEAL STATS #
Overall 3 of 3
Sector (Metals/Mining) 3 of 3
Type (Divestiture) 1 of 1
Country (Australia) 3 of 3
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-09 Aztec Resources

South Perth, Australia

Aztec Resources Ltd. is a producer of high quality iron ore products.

Buy -

Seller(S) 1

SELLER

Gindalbie Metals

Perth, Australia
Category Company
Sector Metals/Mining
DESCRIPTION

Gindalbie Metals Ltd. is an independent iron ore company based in Perth, Western Australia which is developing a portfolio of projects in the State’s Mid West region. Gindalbie’s core asset is the world-class Karara Iron Ore Project which is developing in Joint Venture with AnSteel, one of China’s leading steel and iron ore companies.

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