Archives: Mining mergers and acquisitions

RSK Group Limited, a sustainable solutions company, says it has added New South Wales-based integrated project management firm, Projence, to its rapidly growing Australian business. The third acquisition in the last eight months and fourth overall in Australia, Projence joins three Australian companies – civil engineering company, Western Project Services; environmental and occupational hygiene business,[…]

OZ Minerals says it has rejected an unsolicited, conditional and non-binding indicative proposal from BHP to acquire all shares in the company for A$25/share ($17.3/share) in cash, valuing the company at an reported A$8.34 billion. Having assessed this proposal, which represents a 13.1% premium to the volume weighted average price (VWAP) of OZ’s share price[…]

Babylon Pump and Power says it has executed a business asset acquisition agreement to acquire the operational assets of Resource Water Group (RWG) for A$3 million ($2.1 million) in a transaction that it hopes will result in more early-stage project engagement with mining companies. Established in 2011 and based in Canning Vale, Western Australia, RWG[…]

Orica has entered into a binding agreement to acquire Axis Mining Technology, a leader in the design, development and manufacture of specialised geospatial tools and instruments for the mining industry, as it looks to create a full-service Orebody Intelligence business that positions the ASX-listed company to become what it says is the industry’s first integrated,[…]

DRA Global and KAEFER Integrated Services have executed an agreement for the sale and purchase of the business of G&S Engineering Services Pty Ltd and G&S Support Services Pty Ltd (collectively G&S), comprising selected contracts, assets and liabilities for A$8 million ($5.6 million). The sale is subject to conditions precedent standard for a transaction of[…]

Aspen Technology is looking to expand its industrial software remit with the acquisition of Micromine, a global leader in design and operational management solutions for the mining industry, from private equity firm Potentia Capital and other sellers for A$900 million in cash ($623 million) The two have entered into a definitive agreement that AspenTech says[…]

Thiess looks like gaining further market share in the key hard-rock mining market of Western Australia after having a bid accepted for fellow mining contractor MACA. The all-cash offer to acquire 100% of the shares of the company at A$1.0251/share represents a 42.2% premium to the MACA one month volume weighted average price as of[…]

Teck Resources has announced an agreement with PolyMet Mining Corp to form a 50:50 joint venture to advance PolyMet’s NorthMet Project and Teck’s Mesaba mineral deposit, both located in the Iron Range of Minnesota, USA. The joint venture will be named NewRange Copper Nickel LLC, with Glencore plc retaining its majority equity interest in PolyMet and[…]

Dynamic Group Holdings, the owner of Dynamic Drill & Blast and Orlando Drilling, is looking to further consolidate the Australia-based drilling sector by acquiring Welldrill from founder Peter Chegwidden. Welldrill, founded in 2000, has serviced a number of Western Australia-based government organisations and mining companies (including BHP, OZ Minerals and BCI Minerals), in this period.[…]

SensOre Ltd says it has reached an agreement to acquire Intrepid Geophysics, a provider of geophysics software and services headquartered in Melbourne, Australia. The deal, valued at around A$5 million ($3.4 million) will be primarily funded through the issue of new fully paid ordinary SensOre shares. Intrepid Geophysics’ advanced automated geophysical software and geoscience expertise[…]