Archives: Mining mergers and acquisitions

GR Engineering Services Limited’s wholly owned subsidiary, Mipac Holdings Pty Ltd, has entered into an agreement to acquire Paradigm Engineers Pty Ltd, a provider of control systems and electrical engineering, automation and technology services based in Western Australia, in a deal worth A$9 million ($5.9 million). This transaction enhances Mipac’s control system and electrical design[…]

China’s JCHX is best known as a global mining contractor and services provider to operations like Kamoa-Kakula and Konkola but is rapidly increasingly its influence in Africa as a copper mine in its own right. It already has two mines in its own portfolio – Lonshi in DRC, previously owned by ERG; and Dikulushi, also in[…]

Datamine has announced the strategic acquisition of PeopleTray, a Western Australia-based company providing mining production and workforce management solutions to mining operations across Australia. PeopleTray’s flagship Workforce Management Solution provides a complete integrated system for staff rosters, mining camps, health and safety and compliance, according to Datamine. In addition, the MPX Mine Production solution helps[…]

Macmahon Holdings Ltd has executed a binding agreement to acquire the key contracts of the Pit n Portal (PnP) underground services business from Emeco Holdings Ltd. Macmahon and Emeco have concurrently entered a strategic rental partnership where Emeco is the preferred supplier of rental equipment to Macmahon in Australia for applications in surface mining, underground mining[…]

Evolution Mining has entered into a binding agreement to acquire an 80% interest in the Northparkes copper-gold mine in New South Wales from China’s CMOC Group Ltd for a total cash consideration of up to US$475 million. Sumitomo Metal Mining and Sumitomo Corporation will retain their 20% interest in the Northparkes JV. The deal will increase Evolution’s[…]

Weir has acquired Sweden-based SentianAI in a move that, it says, will accelerate its technology roadmap and expand its digital capability to provide enhanced productivity and sustainability offerings to customers. SentianAI is a developer of artificial intelligence-based solutions that optimise performance in minerals processing. Founded in 2016, it is based in Malmö and has a team[…]

MMG Ltd has entered into a Share Purchase Agreement (SPA) to acquire Cuprous Capital, the parent company of the Khoemacau Copper Mine in Botswana, for an effective Enterprise Value of US$1,875 million. Khoemacau is one of the highest quality new copper mines globally. The transaction aligns to MMG’s strategy to build a portfolio of high-quality[…]

Nalco Water, an Ecolab company, has acquired Flottec in a move that, it says, will expand its flotation offerings and its work to serve the industry from mine to metal. During the next few months, the company will be integrated into the Global Mining division of Nalco Water, Ecolab’s water and process management business. The[…]

Teck Resources has agreed to sell its entire interest in its steelmaking coal business, Elk Valley Resources (EVR), through a sale of a majority stake to Glencore for an implied enterprise value of $9.0 billion, and a sale of a minority stake to Nippon Steel Corporation (NSC). The sale of Teck’s steelmaking coal business at[…]

Volvo Group has been selected as the winning bidder in an auction for Proterra Inc and Proterra Operating Company Inc, with the Sweden-based company set to spend on assets including a development centre for battery modules and packs in California, and an assembly factory in South Carolina. The business and assets of the Proterra Powered[…]