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Profiles
& Notes:
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metals
This page considers metals sector acquisitions and disposals.
It covers -
metals
Recent mining and smelting sector landmarks are -
-
pipemaker Ipsco (Canada) agrees to be acquired by SSAB
Svenskt Stal (Sweden) for US$7.7bn in 2007
- Essar
Global agrees to acquire Algoma Steel for US$1.6bn in
2007
- Tata
Steel (India) acquires Corus (EU)for US$8bn in 2007
- Voestalpine
(Austria) agrees to buy Boehler-Uddeholm (Sweden) for
€3.52bn in 2007
- Phelps
Dodge agrees to be acquired by Freeport-McMoRan in deal
worth US$25.9bn in 2006
- Mittal
(India) acquires Arcelor in 2006
- Evraz
(Russia) acquires Oregon Steel (US) for US$2.3bn in
2006
-
Companhia Vale do Rio Doce (Brazil) acquires Inco (US)
for US$17bn in 2006
- Arcelor
acquires Dofasco (Canada) for C$5.6bn in 2006
- Glamis
Gold acquires Western Silver for C$1.2bn in 2006
-
Arcelor agrees to buy controlling stake in Severstal
for US$16.6bn in 2006
- Aleris
International agrees to buy Corus's downstream aluminum
operations for US$894m in 2006
- OneSteel
(Aust) agrees to buy Smorgon Steel (Aust) for $1.6bn
in 2006
- Xstrata
buys Falconbridge for C$23.8bn in 2006
- Noranda
acquires Falconbridge for C$3bn in 2005
- BHP
Billiton buys WMC for $9.2bn in 2005
- Inco
buys Falconbridge for US$10.9bn in 2005
- Mittal
Steel pays US$4.8bn for Kryvorizhstal in 2005
- LNM
Holdings buys Ispat International for US$13.3bn in 2004
- Mittal
buys International Steel for US$4.5bn in 2004
- Mittal
buys Polskie Huty Stali in Poland for US$1.5bn in 2004
- Alcan
acquires France's Pechiney for C$6.3bn in 2003
- Mittal
buys Nova Hut in Czech Republic for US$905m in 2003
- Alberta
Energy merges with PanCanadian Energy in C$8.9bn deal
as EnCana Corp in 2002
- NKK
merges with Kawasaki Steel (US$14.1bn) in 2002
- Norsk
Hydro buys VAW for US$2.8bn in 2002
- Conoco
buys Gulf Canada Resources for C$6.7bn in 2001
- Conoco
acquires Homestake Mining for C$3bn in 2001
- BHP
and Billiton merge in $58 billion deal in 2001
- Newmont
buys Normandy for US$2.2bn in 2000
- Alcan
buys Algroup Aluminium for US$4.4bn in 2000
- Rio
Tinto buys North for $3.5bn in 2000
1990s
landmarks were -
- Alcan
acquires Alusuisse for C$6.4bn in 1999
- Corus
formed through US$2.7bn merger of British Steel with
Koninklijke Hoogovens in 1999
- Phelps
Dodge buys Cyprus Amax Minerals for US$1.8bn in 1999
- Alcoa
buys Reynolds for US$4.6bn in 1999
- Union
Pacific Resources buys Norcen Energy Resources for C$3.7bn
in 1998
- Alcoa
acquires Aumax for US$800m in 1998
- Thyssen
and Krupp Hoesch merge in 1998
- Mittal
buys Inland Steel for US$1.4bn
- Kerr-McGee
pays US$3.2bn for Westport Resources
- Plutonic Resources merges with Homestake Mining in
1997
- Mittal
buys Karmet in Kazakhstan for US$950m in 1995
- RTZ
and CRA merge as Rio Tinto in 1995
- Inco
buys Voisey's Bay Nickel for US$3.3bn in 1995
- Cyprus
Minerals and Amax merge as Cyprus Amax Minerals in 1993
- Krupp
acquires Hoesch in 1992
- Mittal
buys Sibalsa in Mexico for US$213m in 1992
Landmarks
during the 1950s through 1980s include -
-
BP Minerals acquired by RTZ for £2.6bn in 1989
- Phelps
Dodge buys Accuride for US$273m in 1988
- Phelps
Dodge buys Columbian Chemicals for US$240m in 1986
- Cyprus
Minerals spins off from Amoco in 1985
- BHP
acquires Utah group for $2.4bn in 1984
- U.S.
Steel acquires Marathon Oil in 1982
- Kennecott
acquired by Sohio for US$1.8bn in 1981
- McMoRan
Oil & Gas merges with Freeport Minerals as Freeport-McMoRan
in 1981
- Frère
sells Hainaut-Sambre and Triangle to Cockerill-Sambre
in 1980
- Anaconda
merges with Atlantic Richfield in 1977
- Kennecott
buys Carborundum for US$568m in 1977
- Kennecott
sells Peabody to Newmont Mining for US$1bn in 1977
- Elkem
merges with Christiania Spigerverk in 1972
- BHP
buys 50% of John Lysaght Australia in 1969
- merger
of August Thyssen-Hütte and Hüttenwerk Oberhausen
in 1968
- Kennecott
buys Peabody Coal for US$622m in 1968
- August
Thyssen-Hütte acquires Phoenix-Rheinrohr in 1964
- Krupp
acquires Bochumer Verein für Gussstahlfabrikation
in 1960
- Kennecott
buys Okonite in 1958
- Thyssen
acquires Deutsche Edelstahlwerke in 1957
- Thyssen
acquires Niederrheinische Hütte in 1956
- Kennecott
buys Kaiser Aluminum & Chemical in 1953
Landmarks
prior to 1950 include -
- Krupp
acquires Deutsche Schiff- und Maschinenbau AG (Deschimag)
in 1941
- Kennecott
buys American Electrical Works (Kennecott Wire &
Cable) in 1935
- BHP
acquires Australian Iron & Steel (AIS) in 1935
- Phelps
Dodge buys United Verde Copper for US$20.8m in 1932
- ASARCO
buys Federated Metals Corporation in 1932
- Phelps
Dodge buys Calumet & Arizona Mining in 1931
- creation
of Vereinigte Deutsche Metallwerke AG in 1930
- Phelps
Dodge buys Nichols Copper in 1930
- Phelps
Dodge buys National Electric Products in 1930
- Friedrick
Krupp acquires Harburger Eisen & Bronzewerke in
1929
- Kennecott
buys Chase Companies (Chase Brass & Copper) in 1929
- establishment
of Vereinigte Stahlwerke in 1928
- Friedrick
Krupp acquires Norddeutsche Hütte AG in 1927
- Anaconda
Copper acquires American Brass in 1922
- Phelps
Dodge buys Arizona Copper in 1921
- Friedrick
Krupp acquires Capito & Klein AG in 1919
- Friedrick
Krupp acquires Schlesische Nickelwerke in 1915
- merger
of American Tin Plate, American Steel & Wire, National
Tube, Carnegie Steel and Federal Steel to create United
States Steel, capitalised at US$1.46bn in 1901
- Ansonia
Brass & Copper, Waterbury Brass and Coe Brass merge
as American Brass in 1899
- Friedrich
Krupp acquires Schiff- und Maschinenbau AG Germania
in 1896
- Friedrich
Krupp acquires Gruson works in 1893
- Carnegie
Steel Company formed in 1892
- Friedrich
Krupp acquires Annen steel mill in 1886
studies
Pointers to literature on the M&A in the metals industries
(and to individual groups) are found in a supplementary
note here.
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