Capabilities by Industry : Metals & Mining

Greenhill has considerable transaction experience and a global network of corporate relationships in the Metals & Mining sector.  Our Managing Directors and professionals have executed many of the most significant and complex transactions for some of the leading global companies.

Our experience in the Metals & Mining industry encompasses all of the commodity sub-sectors as well as: metals and materials; mining services; processing equipment; and steel and mining.

Below we highlight a few of the transactions on which we have advised in this area:

Recent Transactions

23-Feb-17
$1.1 billion
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Target: 

Natural Resource Partners L.P.

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Advised Natural Resource Partners L.P., a publicly-traded master limited partnership that owns, manages and leases mineral properties in the United States, on a series of recapitalization transactions including the extension of NRP’s near-term debt maturities and the issuance of $250mm of new preferred equity capital to funds managed by Blackstone Tactical Opportunities and from several affiliates of GoldenTree Asset Management L.P.

09-Nov-15
$777 million
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Target: 

Lonmin Plc

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Advised Lonmin Plc on its c.$777m recapitalization consisting of c.$370m of bank facilities at the Plc and in South Africa from the Company’s ten lending banks and a fully underwritten Rights Issue of c.$407m.

16-Oct-15
$2.1 billion
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Target: 

Stemcor Holdings Limited

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Advised Stemcor Holdings Limited, the global steel trader, on their restructuring of $1.0bn of senior and junior debt and the refinancing of a $1.1bn working capital facility

28-Sep-15
$NA
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Target: 

Alcoa Inc.

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Advising Alcoa Inc. on its separation into two independent, publicly-traded companies

09-Mar-15
$1.5 billion
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Target: 

RTI International Metals, Inc

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Acquiror: 
Alcoa Inc.

Advised Alcoa Inc. on the acquisition of RTI International Metals, Inc., a leading producer and global supplier of titanium mill products and a manufacturer of fabricated titanium and specialty metal components, principally for the commercial aerospace and defense sectors

15-Dec-14
$NA
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Target: 

TITAL GmbH

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Acquiror: 
Alcoa Inc.

Advised Alcoa Inc. on the acquisition of TITAL GmbH, a privately-held German manufacturer of aluminum and titanium castings predominately for the aerospace and defense end markets

23-Oct-14
$NA
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Target: 

Boart Longyear Ltd.

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Advised the Board of Directors of Boart Longyear, the world’s leading supplier of drilling services and equipment for mining and drilling companies, on its strategic review process and subsequent comprehensive recapitalization transactions with certain affiliates of Centerbridge Partners, L.P.

26-Jun-14
$2.9 billion
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Target: 

Firth Rixson Limited

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Acquiror: 
Alcoa Inc.

Advised Alcoa Inc. on the acquisition of Firth Rixson Limited, a leading provider of highly engineered rings, industrial forgings and specialized metal products primarily to the aerospace industry

04-Feb-14
$156 million
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Target: 

Thiele Kaolin Company

Advised Thiele Kaolin Company, a miner and processor of kaolin clay, on a leveraged capitalization and repurchase of a 40% stock interest from Stora Enso Oyj

19-Dec-12
$100 million
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Target: 

Thiele Kaolin Company

Advised Thiele Kaolin Company, a miner and processor of kaolin clay, on a range of strategic options, resulting in a leveraged recapitalization and special dividend

09-Nov-12
~$1.7 billion
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Target: 

Lonmin plc

Advised Lonmin plc, the world’s third largest primary producer of Platinum Group Metals, on a comprehensive refinancing of its balance sheet, including an underwritten ~$817m rights issue and amendments to its existing ~$929m debt facilities

08-Aug-11
$11.0 billion
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Target: 

Coal and Allied Industries Limited

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Acquiror: 
Rio Tinto Limited / Mitsubishi Corporation

Advised Coal and Allied Industries Limited, an Australian based coal mining company, in relation to an acquisition proposal from Rio Tinto Limited and Mitsubishi Corporation to acquire all the outstanding shares in the company not already held by Rio Tinto and Mitsubishi

23-May-11
$130 million
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Target: 

Territory Resources Limited

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Acquiror: 
Exxaro Resources Limited

Advised Exxaro Resources, a diversified South African-based mining company, on its proposed acquisition of Territory Resources, an Australian-based iron producer

01-Apr-10
$9.2 billion
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Target: 

Lihir Gold Limited

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Acquiror: 
Newcrest Mining Ltd

Advised Lihir Gold Limited, a leading global gold company with operations in Papua New Guinea, Australian and West Africa on an unsolicited takeover proposal from Newcrest Mining Ltd, an international gold company with gold and copper operations

20-Dec-09
$1.3 billion
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Target: 

Mining Division of Terex Corp.

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Acquiror: 
Bucyrus International

Advised Bucyrus International, Inc., a global mining equipment manufacturer, on the acquisition of the mining division of Terex Corp., a diversified equipment company

06-Aug-08
$10.7 billion
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Target: 

Lonmin plc

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Acquiror: 
Xstrata plc

Advised Lonmin plc, a major producer of Platinum Group Metals, regarding an unsolicited pre-conditional offer for the company by Xstrata plc, a global diversified mining company

11-Oct-07
$1.2 billion
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Target: 

Foseco plc

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Acquiror: 
Cookson Group plc

Advised Foseco plc, a provider of consumables to the Foundry and Steel industries, on a recommended cash offer from Cookson Group plc

03-May-07
$8.5 billion
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Target: 

IPSCO Inc.

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Acquiror: 
SSAB Svenskt Stål AB

Acted as lead financial advisor to SSAB Svenskt Stål AB on its acquisition of IPSCO Inc., a leading Canadian producer of energy tubulars and steel plate in North America with an annual steel making capacity of 4.3 million tons

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