M&A Deal Summary

Rio Tinto Acquires Richards Bay Mining

On September 7, 2012, Rio Tinto acquired metals/mining company Richards Bay Mining for 1.7B USD

Acquisition Highlights
  • This is Rio Tinto’s 5th transaction in the Metals/Mining sector.
  • This is Rio Tinto’s 4th largest (disclosed) transaction.
  • This is Rio Tinto’s 1st transaction in South Africa.

M&A Deal Summary

Date 2012-09-07
Target Richards Bay Mining
Sector Metals/Mining
Buyer(s) Rio Tinto
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target

Richards Bay Mining

Richards Bay, South Africa
Richards Bay Mining (Pty) Ltd. offers dune mining and mineral separation services.

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Buyer(S) 1

Buyer

Rio Tinto

London, United Kingdom

Category Company
Founded 1873
Sector Metals/Mining
Employees60,000
Revenue 53.7B USD (2024)
DESCRIPTION

Rio Tinto is a mining and metals company. The company engages in finding, mining, and processing the Earth's mineral resources. The company takes 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 6 of 9
Sector: Metals/Mining M&A 5 of 8
Type: Add-on Acquisition M&A Deals 5 of 7
Country: South Africa M&A 1 of 1
Year: 2012 M&A 2 of 2
Size (of disclosed) 4 of 6
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-12 ALTEO Alumina

Gardanne, France

ALTEO Alumina is a global integrated producer and supplier of specialty non-metallurgical grade alumina. ALTEO Alumina was founded in 1894 and is based in Gardanne, France.

Sell -