Surface-mining opportunities lie in market-related commodities
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Surface-mining opportunities lie in market-related commodities
August 6, 2021

Johannesburg-based mining equipment distributor Vermeer Equipment Suppliers is starting to focus on certain market-related commodities and associated open-cast mines to market its surface excavation machines, says Mining and Pipeline Sales Segment Manager, Gareth Cramond. The machines are being used in Africa at, among others, China Molybdenum’s Tenke Fungurume copper and cobalt mine, in the Democratic[…]

FLSmidth confirms final agreement to buy thyssenkrupp’s mining business for €325 million, closing H2 2022
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FLSmidth confirms final agreement to buy thyssenkrupp’s mining business for €325 million, closing H2 2022
July 29, 2021

FLSmidth and thyssenkrupp Industrial Solutions AG (a fully owned subsidiary of thyssenkrupp AG) have reached an agreement that FLSmidth will acquire thyssenkrupp’s Mining business (TK Mining) for a total consideration (enterprise value) of €325 million, corresponding to approximately DKK 2.4 billion. Closing of the transaction is expected in H2 2022 and is subject to customary[…]

FLSmidth in “final negotiations” with thyssenkrupp for buyout of mining business
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FLSmidth in “final negotiations” with thyssenkrupp for buyout of mining business
July 28, 2021

Things have been very quite since FLSmidth announced on January 15, 2021 that it was in negotiations with thyssenkrupp concerning an acquisition of thyssenkrupp’s mining business. But today a brief update, confirming talks were advancing: “FLSmidth today announces that it remains in negotiations with thyssenkrupp concerning an acquisition of thyssenkrupp’s mining business. Since FLSmidth’s announcement[…]