Archives: Mining mergers and acquisitions

Incitec Pivot Limited, owner of Dyno Nobel, has entered into an agreement to acquire 100% of the shares in Explinvest, the holding company of the Titanobel Group, an industrial explosives manufacturer and drilling, blasting and technical services provider based in France. Incitec has agreed to pay €91 million ($103 million) for Titanobel in a transaction[…]

Jacon Equipment, an Australia-owned specialist supplier of underground shotcreting and related equipment, says it has received a new lease of life in the past two years since it became a fully owned subsidiary of MAAS Group. MAAS Group, a diversified supplier of construction materials, equipment and services, floated on the Australian Securities Exchange in December[…]

Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina, an undeveloped brine project that, Rio says, has the potential to have one of the lowest carbon footprints in the industry and can help deliver on the company’s commitment to decarbonise its portfolio. The agreement has been signed with[…]

Vale has entered into a binding agreement with Vulcan Minerals to sell the Moatize coal mine and the Nacala Logistics Corridor (NLC) for total proceeds of $270 million, comprised of $80 million at closing and $190 million from the existing business until closing; plus a 10-year Royalty Agreement subject to certain mine production and coal[…]

RPMGlobal has announced a further software product acquisition after entering a collaborative research partnership with Canada-based MIRARCO. The agreement gives RPM ownership of three mine planning optimisation software products that will strengthen its Design and Scheduling product suites, in particular the SOT product, RPM said. The acquisition is part of a three-year collaborative research partnership[…]

Downer EDI Limited has completed the final transaction as part of its Mining portfolio divestment plan with the sale of its Open Cut Mining East business to BUMA Australia Pty Ltd. As announced in October, Downer will receive approximately A$150 million ($108 million) in cash proceeds from the transaction, subject to completion adjustments. Together with[…]

Perenti says it has signed an agreement to divest MinAnalytical Laboratory Services Australia Pty Ltd, a Perenti subsidiary, to ALS Ltd in a deal worth A$43.6 million ($31.2 million). Of the total consideration for the transaction, A$39 million relates to shares in MinAnalytical, with an additional $4.6 million for prepayments and other financial adjustments. The[…]

RPMGlobal (RPM) has entered into an agreement with Eden Suite Pty Ltd to acquire a copy of its Environmental Data Management and Reporting Software, Eden Suite. This acquisition provides RPM with the exclusive worldwide rights to the intellectual property in the Eden Suite software for use in the mining and quarrying industries, along with the[…]

One of a handful of companies offering a full range of battery electric underground mining machinery, as well as its well established core underground mining monorails business, SMT Scharf AG has been informed today by its core shareholders, Shareholder Value Beteiligungen AG and Share Value Stiftung, as well as Shareholder Value Management AG, that they[…]

Bentley Systems Inc’s Seequent business unit has acquired Denver-based Advanced Resources and Risk Technology LLC, a developer of geostatistical software applications. The acquisition, Bentley says, provides Seequent with state-of-the-art geostatistics algorithms, technology and IP for complex geospatial problem solving, complementing its geological modeling solutions and workflows, to help solve earth, environmental and resources challenges. AR2Tech[…]