M&A Deal Summary |
|
|---|---|
| Date | 2024-10-09 |
| Target | Arcadium Lithium |
| Sector | Metals/Mining |
| Buyer(s) | Rio Tinto |
| Deal Type | Add-on Acquisition |
| Deal Value | 6.7B USD |
| Advisor(s) | UBS Investment Bank (Financial) Davis Polk & Wardwell (Legal) |
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| Category | Company |
|---|---|
| Founded | 1873 |
| Sector | Metals/Mining |
| Employees | 57,000 |
| Revenue | 54.0B USD (2023) |
Rio Tinto is a mining and metals company. The 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, England.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 9 |
| Sector (Metals/Mining) | 8 of 8 |
| Type (Add-on Acquisition) | 7 of 7 |
| Country (Argentina) | 2 of 2 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 2 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-17 |
Turquoise Hill Resources
Montreal, Quebec, Canada Turquoise Hill Resources is a mining company that focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia, which is the Company's principal material mineral resource property. The Company's Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC (Oyu Tolgoi) and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes). Its Oyu Tolgoi mine is located approximately 550 kilometers south of Ulaanbaatar, Mongolia's capital city, and 80 kilometers north of the Mongolia-China border. The Company's Mineralization on the property consists of porphyry-style copper, gold, silver, and molybdenum contained in a linear structural trend (the Oyu Tolgoi Trend) of deposits throughout this trend. They include, from south to north, the Heruga Deposit, the Oyut deposit, and the Hugo Dummett deposits (Hugo South, Hugo North and Hugo North Extension). Turquoise Hill Resources is based in Montreal, Quebec. |
Buy | $3.1B |
