Archives: Mining mergers and acquisitions

FLSmidth has announced a strategic change to enhance long-term profitability and to accelerate growth in its core Mining business, which could see it offload its portfolio of port systems, stockyard equipment, “standard bucketwheel excavators”, “continuous surface mining equipment”, and mine & overland conveyors. The decision, which comes seven weeks after closing the acquisition of TK[…]

IAMGOLD Corporation has entered into a definitive agreement with China’s Zijin Mining Group to sell its 95% interest in Rosebel Gold Mines in Suriname for a cash consideration of $360 million and release of IAMGOLD’s equipment lease liabilities amounting to approximately $41 million. Rosebel holds a 100% interest in the Rosebel gold mine and a[…]

Datamine, via Vela Industries Group, has acquired Scenario, a leader in project delivery and project controls software for various industries, including mining, with its Enterprise SaaS platform. Scenario, according to Datamine, is used on large and complex projects in the resource, infrastructure, construction, power and property development industries across Australia, Asia and the Middle East.[…]

Austin Engineering Limited says it has successfully completed the acquisition of Australia-based mining equipment manufacturer, Mainetec Pty Ltd for an initial amount of A$19.6 million ($12.3 million). The acquisition, Austin says, provides it with numerous operational benefits, both immediately and in the long-term. Mainetec’s premium range of “Hulk” buckets will complement Austin’s JEC-HP high performance[…]

Epiroc has agreed to acquire Geoscan Pty Ltd, an Australian provider of digital geological imaging solutions to mining companies, as it looks to bolster its orebody knowledge solutions. Geoscan is based in Perth, Australia, and has presence in Australia, Latin America, North America, Europe and Africa. Its main offerings are Corescan and Coreshed. Corescan (a[…]

KaMin LLC, a global performance minerals company owned by IMin Partners, has acquired BASF’s kaolin minerals business, which includes four production sites and related mines, reserves and two processing facilities in Georgia, USA. “This acquisition is transformative for KaMin on day one by further diversifying into highly engineered, growth segments and adding to an extensive[…]

ABB says it has reached an agreement to divest its remaining 19.9% stake in the Hitachi Energy joint venture that was formed from ABB’s Power Grids business in 2020 to Hitachi, Ltd. Hitachi has exercised its call option that was agreed between the parties in December 2018, agreeing to pay $1.679 billion to acquire the[…]

Tetra Tech Inc looks to have won the battle for environmental and social engagement consulting specialist, RPS Group plc, after the boards of both companies reached agreement on the terms of a recommended cash acquisition whereby a Tetra Tech subsidiary will acquire RPS. The £2.22/share ($2.39/share), all-cash acquisition price trumps the £2.06/share price WSP offered[…]

WSP Global Inc has completed its previously announced acquisition of the Environment & Infrastructure business (E&I) of John Wood Group plc, providing WSP Global with further opportunities to grow in the environmental and water sectors. E&I provides engineering, remediation consulting, environmental permitting, inspection, monitoring and environmental management services to government, industrial, infrastructure, oil and gas,[…]

Continental is expanding its presence in Sweden with the acquisition of conveyor and maintenance company, Vulk & Montage, based in Karlstad. Vulk & Montage has four locations in Karlstad (headquarters), Örebro, Mora and Stockholm, Sweden. The company is a leading service provider for the conveyor industry in central Sweden, operating out of its four branches[…]