Archives: Mining mergers and acquisitions

Things have been very quite since FLSmidth announced on January 15, 2021 that it was in negotiations with thyssenkrupp concerning an acquisition of thyssenkrupp’s mining business. But today a brief update, confirming talks were advancing: “FLSmidth today announces that it remains in negotiations with thyssenkrupp concerning an acquisition of thyssenkrupp’s mining business. Since FLSmidth’s announcement[…]

Just over a year after being spun off from Metso, Neles is looking to gain further exposure to the mining and metals industry with the planned acquisition of Flowrox’s valve and pump businesses. Neles has signed an asset purchase agreement to acquire the valve and pump businesses of the Finland-based technology company, saying the transaction[…]

ABB has signed a definitive agreement to divest its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated for $2.9 billion in cash. The transaction will create a leading manufacturer of highly engineered, performance-critical bearings and motion control components serving the aerospace, defence and industrial markets. For more than 140 years, the Dodge business has[…]

The Chemours Company has entered into a definitive agreement to sell its Mining Solutions business for $520 million in cash to Draslovka Holding as, a Czech-based private company specialising in cyanide production. The transaction is expected to close in the December quarter of 2021 subject to regulatory approvals and other customary closing conditions. Chemours announced[…]

ASX-listed energy services group Valmec is to be acquired by Altrad Australia Pty Ltd in a deal that values Valmec at A$52 million ($38 million). The two have entered a binding Scheme Implementation Deed (SID) for the cash acquisition by Altrad for Valmec, with the scheme to be voted on at a shareholders meeting in[…]

Engineering firm Monadelphous is further integrating its supply chain in the south-west region of Western Australia with the acquisition of RTW Steel Fabrication and Construction. Located in Capel, Western Australia, RTW offers industry-leading steel fabrication, processing and construction services for mining, industrial and commercial projects throughout Western Australia, Monadelphous said. It has been a long-term[…]

Epiroc has acquired Mining Tag SA, a Chile-based company that, the OEM says, provides sensor-based solutions to strengthen safety and productivity in mines by making operations smarter. Mining Tag develops and implements sensor-based solutions that allow monitoring, automation and process improvement of mining operations, Epiroc explained. The solutions are mainly used in underground mining. Its[…]

Anglo American looks set to complete its exit from thermal coal, having agreed to sell its 33.3% interest in the Cerrejón joint venture, in Colombia, to Glencore for around $294 million. Glencore and BHP currently each also hold a 33.3% interest in Cerrejón, with Glencore intending to acquire both Anglo American’s and BHP’s interests for[…]

Sandvik has signed an agreement to acquire Tricon Drilling Solutions Pty Ltd, a privately-owned supplier of rock tools for the mining industry, based in Perth, Australia. Tricon will operate as an independent, standalone business unit within the Rock Tools division of Sandvik Mining and Rock Solutions. Tricon’s product offering includes rotary bits, DTH (Down-The-Hole) hammers[…]

LKAB has announced that it will, after approval by the Swedish Competition Authority, acquire 75% of the shares in Bergteamet AB – a leading supplier of mining services including tunnelling, contract mining, raiseboring, equipment overhaul and shaft development. “As part of LKAB’s mining strategy at great depths in our underground mines, we see a great[…]