Archives: Mining mergers and acquisitions

CIMIC Group has entered into an agreement with funds advised by Elliott Advisors (UK) Ltd (Elliott) regarding the acquisition by CIMIC of an additional 10% equity interest in Thiess, a leading global mining services provider. The acquisition, for a purchase price of A$320 million ($210 million), increases CIMIC’s ownership of Thiess to 60%. CIMIC and[…]

It has been a busy few months for mining services provider, Thiess, having announced a planned acquisition of Australia-based underground metals business PYBAR Holdings Limited and its 100% subsidiary Pybar Mining Services Pty Ltd, plus released a comprehensive sustainability report detailing its progress towards its 2025 decarbonisation target. The company also celebrated its 90th anniversary[…]

MACA Interquip has announced the acquisition of engineering firm Mintrex Pty Ltd, building on the strong metals and minerals capabilities across the group companies. A Western Australia-based business founded in 1984, Mintrex has built a strong reputation in engineering consulting, project management and asset management in the mining sector, MACA says, with the acquisition bringing[…]

Macmahon Holdings Limited has entered into a Scheme Implementation Deed (SID) under which it will acquire 100% of the issued share capital of Decmil Group Limited for an implied enterprise value for Decmil of A$127 million ($81 million). Decmil provides multi-disciplinary project delivery across the infrastructure, resources and renewable energy sectors, and has been in[…]

Epiroc says it is further strengthening the focus on its tools and attachments business through the splitting of its Tools & Attachments division and appointment of new division presidents. In recent years, the Tools & Attachments division has expanded significantly through organic and inorganic growth, and will become significantly larger after the completion of the[…]

Thiess Pty Ltd, part of the Thiess Group, has signed an agreement with Metarock Group Ltd to acquire Australia-based underground metals business PYBAR Holdings Limited and its 100% subsidiary Pybar Mining Services Pty Ltd. PYBAR will join the Thiess Group once the customary sale conditions are satisfied and the completion process is finalised. The total[…]

The Australian-based global technical services firm, MEC Mining, says it is continuing its growth strategy in the resources sector with the recent acquisition of environmental services company METServe. The combined service offering will encompass all aspects of environmental services previously provided by METServe. This includes approvals, impact assessment, environmental management, closure and rehabilitation, ecology, social,[…]

Intertek, a leading total quality assurance provider to industries worldwide, has agreed to acquire Base Metallurgical Laboratories Ltd. and Base Met Labs US Ltd (Base Met Labs), a leading provider of metallurgical testing services for the minerals sector based in North America. Founded in 2014 and operating from laboratories in Kamloops, British Columbia, and Tucson,[…]

Sedgman, a member of the CIMIC Group, has acquired engineering company Prudentia Engineering, expanding its presence in the growing chemical and energy industries which support the energy transition globally. The acquisition enhances Sedgman’s existing critical minerals and mineral processing expertise in copper, high purity alumina, vanadium, lithium, cobalt, rare earths, uranium and nickel, the company[…]

South32 has entered into a binding agreement to sell Illawarra Metallurgical Coal to an entity owned by Golden Energy and Resources Pte Ltd (GEAR) and M Resources Pty Ltd for upfront and deferred cash consideration of $1.3 billion plus contingent price-linked consideration of up to $350 million. The sale is expected to complete in the[…]