M&A Deal Summary

Yancoal Acquires Coal & Allied Industries

On January 24, 2017, Yancoal acquired metals/mining company Coal & Allied Industries from Rio Tinto for 2.5B USD

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

M&A Deal Summary

Date 2017-01-24
Target Coal & Allied Industries
Sector Metals/Mining
Buyer(s) Yancoal
Sellers(s) Rio Tinto
Deal Type Divestiture
Deal Value 2.5B USD

Target

Coal & Allied Industries

Brisbane, Australia
Coal & Allied Industries Ltd. is a mining and metals company.

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Buyer(S) 1

Buyer

Yancoal

Sydney, Australia

website


Category Company
Founded 2004
Sector Metals/Mining
Employees3,119
Revenue 3.4B AUD (2020)
DESCRIPTION

Yancoal is a producer of an approximately 15.5 million tonnes of saleable (equity basis) thermal and metallurgical coal per annum for export into international markets. Yancoal was founded in 2004 and is based in Sydney, Australia.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Rio Tinto

London, United Kingdom

website


Category Company
Founded 1873
Sector Metals/Mining
Employees47,500
Revenue 55.6B USD (2022)
DESCRIPTION

Rio Tinto is a mining and metals company. 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, the United Kingdom.


DEAL STATS #
Overall 14 of 14
Sector (Metals/Mining) 11 of 11
Type (Divestiture) 12 of 12
Country (Australia) 5 of 5
Year (2017) 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-05 Rio Tinto - Mount Pleasant

United Kingdom

Rio Tinto plc - Mount Pleasant division consists of thermal coal assets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 Rincon Lithium Project

Salta Province, Argentina

Rincon Lithium Project is an undeveloped lithium brine project located in the heart of the lithium triangle in the Salta Province of Argentina, an emerging hub for greenfield projects. The project is a long life, scaleable resource capable of producing battery grade lithium carbonate. Rincon Lithium Project is based in Salta Province, Argentina.

Buy $825M