M&A Deal Summary

Vale Acquires Rio Tinto - Corumbá Iron Ore Mine & River Logistics Operations

On January 30, 2009, Vale acquired metals/mining company Rio Tinto - Corumbá Iron Ore Mine & River Logistics Operations from Rio Tinto for 1.6B USD

Acquisition Highlights
  • This is Vale’s 1st transaction in the Metals/Mining sector.
  • This is Vale’s largest (disclosed) transaction.
  • This is Vale’s 1st transaction in Brazil.

M&A Deal Summary
Date 2009-01-30
Target Rio Tinto - Corumbá Iron Ore Mine & River Logistics Operations
Sector Metals/Mining
Buyer(s) Vale
Sellers(s) Rio Tinto
Deal Type Divestiture
Deal Value 1.6B USD

Target

Rio Tinto - Corumbá Iron Ore Mine & River Logistics Operations

Brazil
Corumbá iron ore mine comprises iron ore reserves and is located in Mato Grosso do Sul, Brazil. Rver logistics operations provides logistic services in Paraguay.

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Buyer(S) 1

Buyer

Vale

Rio de Janeiro, Brazil
Category Company
Founded 1942
Sector Metals/Mining
Employees74,316
Revenue 41.8B USD (2023)
DESCRIPTION

Vale is engaged in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals. Vale was founded in 1942 and is based in Rio de Janeiro, Brazil.

DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Brazil) 1 of 2
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-27 Fertilizantes Fosfatados SA

Uberaba, Brazil

Fertilizantes Fosfatados SA produces and sells raw materials for companies to produce and sell fertilizers in Brazil.

Buy -

Seller(S) 1

SELLER

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 2 of 14
Sector (Metals/Mining) 2 of 11
Type (Divestiture) 2 of 12
Country (Brazil) 1 of 1
Year (2009) 1 of 3
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-10 Kintyre Project

Subiaco, Australia

Kintyre is located in the East Pilbara region of Western Australia, approximately 270km north-east of Newman and 90km south of Telfer, on the south-west margin of the Great Sandy Desert. The Kintyre tenements comprise four granted Mining Leases, four Mining Lease Applications, a Miscellaneous Licence and 12 Prospecting Licences, which together cover a total area of approximately 52 km2.

Sell $495M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-22 Alcan Composites

Cham, Switzerland

Alcan Composites is a sandwich composite materials manufacturing business focused on the display, architecture, and wind energy sectors. Headquartered in Sins, Switzerland, it operates 16 plants in Europe (Germany and Switzerland), the USA, South America, China and India.

Sell $349M
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