Archives: Mining mergers and acquisitions

Private equity firms might not be the most obvious port of call for companies in need of the technical skillsets to transition ‘projects’ to ‘mines’, but, in recent years, Appian Capital Advisory LLP has shown the industry that it has all the credentials to help with this transition. The firm, headquartered in London but calling[…]

The Weir Group has agreed to acquire Motion Metrics, the Canada-based global mining technology business, for an initial consideration of £89 million payable in cash upon completion, subject to customary net debt and working capital adjustments. Motion Metrics is a market leading developer of innovative Artificial Intelligence (AI) and 3D rugged Machine Vision Technology used[…]

Epiroc has acquired the remaining share of Mobilaris MCE AB, with the Luleå-based company now 100% owned by the OEM. Mobilaris Mining and Civil Engineering (MCE) is a leading supplier of solutions that use data from personnel and machines to present real-time positioning and detailed status information in a sophisticated 3D user interface. The solution[…]

Braking systems company, DELLNER BUBENZER Group, has announced the acquisition of Hydratech Industries, the Denmark-based global supplier of high-end hydraulic systems, cylinders and accumulators. With manufacturing facilities located in Denmark, Czech Republic, India, USA and China; plus Service & Repair divisions; the DELLNER BUBENZER Group welcomes 300 new employees to its team, strengthening its local[…]

This week Sibanye–Stillwater announced that it has signed definitive purchase and sale agreements with affiliates of funds advised by Appian Capital Advisory LLP to purchase 100% of both the Santa Rita nickel mine and the Serrote copper mine in Brazil for $1 billion plus a 5% net smelter return (NSR) royalty over potential future underground[…]

MAXAM Tire Latin America has announced the decision to acquire and control the full equity interest in the LATAM Joint Venture previously in place with Gustavo Lima and Marco Zigni, effective October 31, 2021. Created in 2015, the MAXAM Tire Latin America JV was structured to expand the equity of the MAXAM Tire brand within[…]

South32 has entered into two binding conditional agreements with Sumitomo Metal Mining and Sumitomo Corporation (collectively Sumitomo) to acquire a 45% interest in the Sierra Gorda copper mine in Chile’s prolific Antofagasta copper region for an upfront cash consideration of $1.55 billion. Sierra Gorda is an operating mine in the prolific Antofagasta copper mining region,[…]

Swick Mining Services and DDH1 Ltd have agreed in-principle terms to combine their businesses to create, they say, a global scale mineral drilling business with a balance of surface and underground services. The conditional, non-binding indicative proposal is part of a planned all-scrip transaction where Swick shareholders would receive 0.2970 DDH1 shares for each Swick[…]

Downer EDI Limited has entered into an agreement to sell its Open Cut Mining East business to an Australia-based subsidiary of PT Bukit Makmur Mandiri Utama (BUMA), a large mining services provider in Indonesia. The transaction includes the transfer of the assets, liabilities (including employee entitlements), employees and contracts comprising the Open Cut Mining East[…]

Agnico Eagle Mines and Kirkland Lake Gold have entered into an agreement to combine in a merger of equals, with the combined company to continue under the name Agnico Eagle Mines Limited. The merger will establish the new Agnico Eagle as the gold industry’s highest-quality senior producer, with the lowest unit costs, highest margins, most[…]