Archives: Mining mergers and acquisitions

Sandvik, following the acquisition of ground support and reinforcement specialist, DSI Underground, has taken the opportunity to acquire the joint venture partners’ share of the Rocbolt Technologies JVs DSI was previously engaged in within China, South Africa and Mongolia. While the company now holds 100% of Rocbolt Technologies in these regions following the transactions with[…]

The first build own operate (BOO) contract initiatives, and the first major engineering, procurement, site support and commissioning contract in West Africa are some of the highlights from Primero Group’s latest contract awards. The company, acquired by NRW Holdings earlier this year, has recently been awarded new contracts totalling circa-A$155 million ($114 million) with key[…]

Master Drilling Group Ltd has announced an initial 25% investment in A&R Group as the drilling company continues to diversify its services and address its clients’ demand for increased mechanisation and digitisation. Over the years A&R Engineering & Mining Supplies has become a leading operator in the underground rail-bound and trackless equipment hardware environment in[…]

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[…]

Just over a year after being spun off from Metso, Neles is looking to gain further exposure to the mining and metals industry with the planned acquisition of Flowrox’s valve and pump businesses. Neles has signed an asset purchase agreement to acquire the valve and pump businesses of the Finland-based technology company, saying the transaction[…]

ABB has signed a definitive agreement to divest its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated for $2.9 billion in cash. The transaction will create a leading manufacturer of highly engineered, performance-critical bearings and motion control components serving the aerospace, defence and industrial markets. For more than 140 years, the Dodge business has[…]

The Chemours Company has entered into a definitive agreement to sell its Mining Solutions business for $520 million in cash to Draslovka Holding as, a Czech-based private company specialising in cyanide production. The transaction is expected to close in the December quarter of 2021 subject to regulatory approvals and other customary closing conditions. Chemours announced[…]

ASX-listed energy services group Valmec is to be acquired by Altrad Australia Pty Ltd in a deal that values Valmec at A$52 million ($38 million). The two have entered a binding Scheme Implementation Deed (SID) for the cash acquisition by Altrad for Valmec, with the scheme to be voted on at a shareholders meeting in[…]

Engineering firm Monadelphous is further integrating its supply chain in the south-west region of Western Australia with the acquisition of RTW Steel Fabrication and Construction. Located in Capel, Western Australia, RTW offers industry-leading steel fabrication, processing and construction services for mining, industrial and commercial projects throughout Western Australia, Monadelphous said. It has been a long-term[…]

Epiroc has acquired Mining Tag SA, a Chile-based company that, the OEM says, provides sensor-based solutions to strengthen safety and productivity in mines by making operations smarter. Mining Tag develops and implements sensor-based solutions that allow monitoring, automation and process improvement of mining operations, Epiroc explained. The solutions are mainly used in underground mining. Its[…]