Archives: Mining mergers and acquisitions

The boards of directors of Aggreko plc and Albion Acquisitions Ltd have reached agreement on the terms and conditions of a recommended all-cash acquisition from I Squared Capital and TDR Capital for the mobile power provider. The £8.80/share offer values Aggreko at £2.32 billion ($3.2 billion). Earlier this week, Aggreko announced an underlying profit before[…]

WestStar Industrial Ltd’s engineering contractor business SIMPEC has formed its first Aboriginal Business joint venture, IronMerge SIMPEC JV, with IronMerge Pty Ltd. IronMerge is a Supply Nation Aboriginal-owned mining and civil works service company, delivering local contracting solutions to customers across the Pilbara, driving employment outcomes for Indigenous people and local communities in the Port[…]

Equinox Gold Corp has announced 2021 production guidance of 600,000 to 665,000 oz of gold, a 33% increase over 2020 production of 477,200 oz of gold. Cost guidance includes cash costs of $940 to $1,000 per ounce of gold sold and all-in-sustaining costs (AISC) of $1,190 to $1,275 per ounce of gold sold. “2021 represents[…]

Uptake has acquired Edmonton, Alberta-based ShookIOT, a leader in cloud-native data integration and integrity, strengthening its capabilities, it says, to accelerate digital transformation in asset-intensive industries. Bridging the data gap between operational technology and information technology, the ShookIOT and Uptake combination simplifies data migration for easy deployment of Uptake’s Industrial AI applications, it said. “The[…]

MACA Ltd has completed the acquisition of the Mining West business from Downer EDI Ltd, bringing with it four contracts at long-life mining assets in Western Australia. The Mining West business currently comprises four contracts at Karara (Ansteel), Eliwana (Fortescue Metals Group), Cape Preston (Citic Pacific) and Gruyere (Gold Fields, Gold Road Resources), with each[…]

Flexco and MLT Minet Lacing Technology have signed an agreement in which Flexco will be the exclusive source for MLT products in the US, Canada and Mexico. As part of the agreement, MLT will continue to manufacture the products for North America as Flexco integrates MLT’s North America business into its organisation. MLT will continue[…]

MBU Capital says it has completed the aquisition of the Ben’s Creek Carbon mine, in West Virginia, USA, and has plans to extract the estimated 22 Mt of metallurgical coal reserves through highwall mining. Set over approximately 4,047 ha in Wharncliffe, West Virginia, the mine is serviced by an 8-km dedicated railway loadout, which gives[…]

Centric Mining Systems has been acquired by Datamine, the wholly owned subsidiary of Vela Software, an operating group of Constellation Software. Centric Mining Systems will remain as an independent business under the Datamine umbrella and retain the Centric brand. Centric stated: “We will continue to work closely with our customers maintaining the consistent high levels[…]

Inspire Resources and MineRP have signed a Memorandum of Understanding to work together on creating new digital tools for each others platforms. The agreement is expected to lead to the development of tools for both the Mineral Impulse™ business model and the MineRP platform. Inspire Resources is a Canada-based corporation formed in 2019 to implement[…]

Tacora Resources Inc, the operator of the 6 Mt/y Scully iron ore mine in in Wabush, Newfoundland and Labrador, Canada recently announced that it has completed the acquisition of Sydvaranger Mining AS and its subsidiaries, an iron ore mine and processing plant located in Sør-Varanger, Norway. The acquisition of Sydvaranger provides Tacora with a 4[…]