Archives: Mining mergers and acquisitions

Lundin Mining Corporation has entered into a binding purchase agreement with JX Nippon Mining & Metals Corporation and certain of its subsidiaries to acquire 51% of the issued and outstanding equity of SCM Minera Lumina Copper Chile, a wholly owned subsidiary of JX which operates the Caserones copper-molybdenum mine in Chile. The transaction will see[…]

There was a lot to digest in Epiroc’s 2022 Annual & Sustainability Report, published today, both in the initial CEO comments from President and CEO Helena Hedblom and then in the full breakdown on areas relating to value-creating strategy and sustainability. As usual the most interesting aspect is how it views its own progress, and[…]

Teck Resources Ltd has announced today the reorganisation of its business to separate Teck into two independent, publicly-listed companies: Teck Metals Corp and Elk Valley Resources Ltd. The separation it said “will create two world-class resource companies and provide investors with choice for allocating investment between two businesses with different commodity fundamentals and value propositions.”[…]

SRG Global is looking to bolster its front-end asset integrity and reliability services with the planned acquisition of ALS Industrial Pty Ltd for A$80 million ($55.3 million). The company has entered into a binding agreement with ALS Industrial Holdings Pty Ltd, a subsidiary of ALS Ltd, to acquire 100% of the issued shares in ALS[…]

McLanahan Corporation has signed an agreement to acquire Diefenbach, an Italian manufacturer of filter presses and thickeners based out of Medolago, Italy. The two companies, which have been working together on projects since 2013, expect the acquisition to close during the June quarter of 2023. Diefenbach has been a leader in liquid-solid separation using filter[…]

IMDEX has announced record first-half revenue to end-2022 matched with targeted acquisition activity designed to, it says, further enhance its market-leading position. The company reported strong growth in Africa, South America and the Asia Pacific, and increasing demand for critical minerals as it revealed record revenue of A$198.8 million ($137.7 million), an 18.4% increase on[…]

Following the initial news that broke almost exactly a year ago in February 2022 that Caterpillar was divesting its underground coal longwall business to water hydraulic systems major Hauhinco Maschinenfabrik based in Sprockhoevel, North Rhine-Westphalia, details have finally emerged of the new longwall company, which is Hauhinco Bergbautechnik or HBT. Its main bases are in[…]

Newmont has submitted a non-binding proposal to acquire 100% of Newcrest Mining by way of a scheme of arrangement in a proposed transaction that, it says, would combine two of the sector’s top senior gold producers, and set the standard for sustainable and responsible gold mining. Newmont’s proposal to combine with Newcrest is on the[…]

Japan’s Idemitsu Kosan has agreed to transfer all of its coal mining interests (85%) in the Ensham Coal mine located in Queensland, Australia, held through its wholly owned subsidiary Idemitsu Australia Pty Ltd to Sungela Pty Ltd, which is 75% owned by South Africa’s Thungela Resources Ltd, the thermal coal miner demerged from Anglo American[…]

Sandvik has completed the previously announced acquisition of Polymathian Industrial Mathematics, in the process becoming a part of its Sandvik Mining and Rock Solutions’ Business Unit Deswik. Polymathian’s solutions for automated decision making and optimisation complements Deswik’s suite of mine planning software and consulting services while remaining OEM agnostic, the OEM said. Deswik, a leading[…]