Archives: Mining mergers and acquisitions

Business as usual is how Kim Schoepflin CEO of Kwatani describes the news of the closing date of the transaction whereby Sandvik Rock Processing Solutions and Kwatani signed an agreement for the multi-national Sandvik Group to acquire the shares of this 45-year-old leading vibrating screen and feeder OEM. Schoepflin says when the exciting transaction, which[…]

Snowden Optiro, a premier mining advisory firm, has been created following the acquisition of Optiro, a market leading advisory and mining consultancy, by Datamine. The Optiro business has been merged with the Snowden business, which was acquired by Datamine in 2020. Datamine stated: “Together, this team offers our customers one of the most experienced and[…]

Sandvik has signed an agreement to acquire Deswik, a provider of mine planning software, with plans for the Australia-based company to be part of a newly formed Digital Mining Technologies division within the Sandvik Mining and Rock Solutions business area.  By acquiring Deswik, Sandvik gains a top-tier supplier of integrated software platforms that, it says,[…]

The reach of Deswik’s mine planning and design solutions is set to extend deeper underground with Deswik.Apps, a suite of apps that will enable operators to access critical, task-specific data on a tablet or mobile device while offline working in underground operations, the software provider says. The apps, the vision of MineOps Director, Joanna Martyr,[…]

IMDEX says it has boosted its rock knowledge capabilities with a deal to acquire an initial 30% stake in image analysis company Datarock for A$5.5 million ($4 million). Datarock has, IMDEX says, extensive geoscience and data science expertise that has led to the development of a cloud-based platform which applies artificial intelligence and machine learning[…]

Wallis Drilling says it has sold its RIG Technologies Reverse Circulation Logging While Drilling (LWD) business to explosives and blasting systems leader, Orica. The RIG Technologies business includes, downhole behind-the-hammer geophysics sensors (gamma-ray and gyro), drill rig-based sensor platforms and a cloud-based data management system. Wallis and RIG Technologies commenced as a joint venture in[…]

Sika has signed a definitive agreement to acquire MBCC Group, the former BASF Construction Chemicals, from an affiliate of Lone Star Funds, a global private equity firm, for a consideration of CHF5.5 billion ($6 billion). MBCC Group is a leading supplier in construction chemicals worldwide. The acquisition will, Sika says, complement and broaden its product[…]

Newcrest Mining Ltd has entered into an agreement to acquire all the issued and outstanding common shares of Pretium Resources that it does not already own by way of a Canadian Plan of Arrangement. The Pretivm Board of Directors has unanimously recommended that shareholders vote in favour of the transaction, which valued Pretivm equity at[…]

BHP has signed a Share Sale and Purchase Agreement to divest its 80% interest in BHP Mitsui Coal (BMC), an operated metallurgical coal joint venture in Queensland, Australia, to Stanmore SMC Holdings Pty Ltd. Stanmore SMC, a wholly owned subsidiary of Stanmore Resources Limited, has agreed to acquire 100% of the shares in Dampier Coal[…]

Mastermyne’s contract mining growth ambitions became very clear in September when it proposed a buyout of contractor PYBAR Mining Services in a deal valuing PYBAR equity at A$47 million ($35 million). The deal, which has just completed, sees Mastermyne, up until this point a company focused on the Australian coal sector, expand into the domestic[…]