M&A Deal Summary

Rio Tinto Acquires Hathor Exploration

On January 12, 2012, Rio Tinto acquired oil/gas exploration company Hathor Exploration for 642M USD

Acquisition Highlights
  • This is Rio Tinto’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Rio Tinto’s 6th largest (disclosed) transaction.
  • This is Rio Tinto’s 2nd transaction in Canada.
  • This is Rio Tinto’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2012-01-12
Target Hathor Exploration
Sector Oil/Gas Exploration
Buyer(s) Rio Tinto
Deal Type Add-on Acquisition
Deal Value 642M USD

Target

Hathor Exploration

Vancouver, British Columbia, Canada
Hathor Exploration Ltd.'s Athabasca Basin exploration properties in northern Saskatchewan include the flagship Roughrider deposit, which holds around 58 million pounds of uranium, including the potential to produce 5 million pounds more of the yellow metal a year.

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Buyer(S) 1

Buyer

Rio Tinto

London, United Kingdom
Category Company
Founded 1873
Sector Metals/Mining
Employees57,000
Revenue 54.0B USD (2023)
DESCRIPTION

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 5 of 9
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 4 of 7
State (British Columbia) 1 of 1
Country (Canada) 2 of 3
Year (2012) 1 of 2
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Luzenac Europe SAS

Toulouse, France

Luzenac Europe SAS is a manufacturer and processes of talc products.

Sell $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-21 Alcan Cable

Pennsylvania, United States

Alcan Cable is involved in the production of aluminum cable for the utility and building industries. Alcan Cable offers a wide range of bare and insulated conductors to both the utility and distribution markets, supporting them with highly capable resources to ensure the highest value application of our products.

Sell $185M
Mergr

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