Archives: Mining mergers and acquisitions

Molycop has announced the completion of the acquisition of the assets of Digital Control Lab (DCL), a provider of mill monitoring solutions based in Florida, USA. DCL has an established market position in the cement and mining mill monitoring domain, combined with strong brand recognition, innovative engineering capabilities and a reputation for delivering a differentiated[…]

Tetra Tech, a provider of high-end consulting and engineering services, has further expanded its sustainable water management practice with the addition of Piteau Associates, based in Vancouver, British Columbia. Established in 1976 by Dr Douglas Piteau, the firm is a global leader in sustainable natural resource analytics including hydrologic numerical modelling and dewatering system design.[…]

Orica has completed the sale of its Minova business to the Aurelius Group for A$180 million ($131 million), with A$149 million of cash received at completion factoring in debt and “debt-like items”, as well as confirmed expectations that its first half performance is likely to representing year-on-year growth. The company announced the planned sale of[…]

Mubadala Investment Company and Trafigura have confirmed the completion of the sale of 100% of Minas de Aguas Teñidas (MATSA) to Australian mining and exploration company Sandfire Resources effective February 1, 2022. This follows receipt of the necessary regulatory approvals. The sale is the culmination of significant investment in the MATSA mining complex by both[…]

Telstra Purple, which brings together Telstra Enterprise’s business technology services capabilities and a number of its recently acquired companies, has announced a plan to acquire two Australia-based companies with mining exposure to bolster its IoT capabilities and accelerate its industry vertical growth ambitions. Alliance Automation is, Telstra says, one of Australia’s largest independent providers of[…]

MEC Mining, the Brisbane- and Perth-based mining consultancy, has bolstered its growing capabilities with the acquisition of Western Australia’s Integrated Geological Mining Services (IGMS). Fremantle-based consultancy IGMS provides dedicated services to the resources industry and covers all aspects of exploration and mining activities, according to MEC. It will now support MEC’s expansion into the west,[…]

Fortescue Metals Group has entered into an agreement to acquire UK-based Williams Advanced Engineering (WAE) from EMK Capital and Williams Grand Prix Engineering Limited for £164 million ($223 million) in a deal that will, FMG says, enable it to accelerate and support the decarbonisation of its mining operations as well as establish an important new[…]

Orexplore Technologies has commenced trading on the Australian Securities Exchange (ASX), following its demerger from Swick Mining Services Limited. As part of this process, the company raised A$2.44 million ($1.76 million) at A$0.25 per share from existing Swick shareholders through a priority offer of shares, in addition to the A$12 million seed funding amount through[…]

Metso Outotec says it will take the next structural development steps in its business portfolio, following the completed integration of its Minerals business and the successful turnaround of its Metals business. The company plans to change its business area structure and related reporting segments by transferring the Hydrometallurgy business from Metals to Minerals. The objective[…]

In a major ownership change for Japan’s Hitachi Construction Machinery (HCM), one of the world’s leading suppliers of large mining excavators and haul trucks, a 50/50 joint venture between Japan’s trading major ITOCHU Corp and investment fund Japan Industrial Partners, Inc (JIP) is to take control of 26% of the company through a share acquisition[…]