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New Deal


Announced

Completed

Mineral Resources completed the acquisition of 40% stake in Red Hill Iron Ore from Red Hill Iron for $295.6m.

Financials

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Transaction Value£211m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For40%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

Australia

Friendly

Iron and Steel

Domestic

Minority

Completed

Acquisition

mineral resources

Synopsis

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Mineral Resources, a Perth-based mining services provider, completed the acquisition of 40% stake in Red Hill Iron Ore from Red Hill Iron, an Australia-based mineral exploration company, for $295.6m. The acquisition of the RHIOJV interest aligns with MRL’s strategy to expand its resource inventory around the Company’s Ashburton Hub to underpin a long-term, sustainable iron ore export business.

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