Archives: Mining mergers and acquisitions

To expand its artificial intelligence (AI) capabilities and help customers optimise their mining operations, Komatsu announced today its intent to acquire Octodots Analytics, a Chile-based digital solutions provider. The announcement comes as the company debuts its new Modular ecosystem, a bold vision for the future of mine site optimisation and data sharing, at MINExpo 2024,[…]

FLSmidth has signed an agreement to acquire TIPCO Tudeshki Industrial Process Control GmbH (Tipco), a technology company based in Aachen, Germany. Tipco is the developer of cutting-edge sensor technology that can measure the particle size distribution of different mass flows, which offers strong applications across FLSmidth’s Mining portfolio, the OEM says. The technology will initially[…]

Newmont Corporation has announced today, as part of its ongoing program to divest non-core assets, it has agreed to sell the Telfer operation, Newmont’s 70% interest in the Havieron gold-copper project, and other related interests in the Paterson region, all in Australia, to Greatland Gold PLC. The transaction is expected to close in the fourth[…]

The boards of AngloGold Ashanti and Centamin have agreed the terms of a recommended acquisition of Centamin in a deal that values the company at $2.5 billion. Centamin’s flagship asset is the Sukari gold mine, which is Egypt’s largest and first modern gold mine, as well as one of the world’s largest producing mines. Since[…]

Normet, looking to lead the electric tranformation in the industry, has announced that it has acquired the full ownership of Lekatech. Earlier in 2023, Normet announced its minority investment in Lekatech, a Finnish start-up company founded in 2018 with the ambition to revolutionise hammering technologies by introducing linear electric technology for hammering applications. Lekatech calls[…]

Arch Resources, Inc and CONSOL Energy Inc have announced that they have entered into a definitive agreement to combine in an all-stock merger of equals to create Core Natural Resources, a premier North American natural resource company focused on global markets. Core Natural Resources will be a leading producer and exporter of high-quality, low-cost coals[…]

Thiess says it has acquired significant stakes in two Australian businesses, LAAMP and Mechatronix, as part of its plans to expand its offering as a global services provider, outside of the traditional mining operations. Both companies have been working with Thiess for several years to manage and grow two of the mining services provider’s key[…]

American Industrial Partners (AIP) has announced it has acquired the Sulfuric Acid Regeneration Business of Veolia North America, which includes its sulphuric acid and potassium hydroxide regeneration, sulphur gas recovery and sulphur-based products production businesses. The company has been renamed Nexpera, with the mission to bring next-level expertise for industrial chemistry to its customer base,[…]

DDD Group, based in North Rhine-Westphalia, Germany, has taken over the business activities of the Italian company Sovatec s.r.l, expanding its wire and polyurethane screens capacity. The new DDD subsidiary, headquartered in Stazzano (Piedmont), has been producing high-quality wire and polyurethane screens for various industries and applications, particularly for the separation of mining and quarrying[…]

Major Drilling Group International Inc has announced a new partnership with downhole technology company DGI Geoscience Inc (DGI) and its affiliate company, artificial intelligence (AI)-powered core logging tech innovator, KORE GeoSystems Inc, that, it says, positions Major Drilling at the forefront of AI advancements in the drilling industry. The combination of Major Drilling’s fleet, skilled[…]