Archives: Mining mergers and acquisitions

Vale confirms that its Vale Canada Limited subsidiary has concluded the sale of its ownership interest in Vale Nouvelle-Calédonie SAS (VNC) to the Prony Resources New Caledonia consortium. The consortium of investors, including Trafigura, comprises a majority and non-dilutable shareholding for New Caledonian interests, Vale said. Eduardo Bartolomeo, CEO of Vale, said: “After several months[…]

Epiroc has agreed to acquire Meglab, a Canada-based company with expertise in providing electrification infrastructure solutions to mines, as it looks to further support mining customers in their transition to battery-electric vehicles. Meglab, based in Val-D’Or, Quebec, Canada, is a technology integrator that designs, manufactures, installs and supports practical and cost-effective electrification and telecommunications infrastructure[…]

SRK Consulting has announced a merger with Dynami Geoconsulting, a Colombian company providing specialised services in geotechnical engineering, foundation design, mine waste management, and hydrology. Dynami was established in 2015 by Felipe Forero and Diego Cobos to provide geotechnical design services for a small gold mine in Antioquia, Colombia. The company now employs 40 people[…]

AVEVA has now joined forces with OSIsoft to, it says, meet the expanding information management needs of industrial companies and accelerate their digital transformation. The combined portfolio brings OSIsoft’s data management together with AVEVA’s industrial software to unlock Performance Intelligence. AVEVA announced the planned acquisition of OSIsoft for an enterprise value of $5 billion back[…]

The Realtime Group Ltd says it has completed the sale of a majority stake in the company to global METS sector investor RCF Jolimont Mining Innovation Fund II LP. Realtime is focused on developing on-line analysers for the mining, power generation and manufacturing industries, with customers in 46 countries relying on its solutions to accurately[…]

Master Drilling Group has announced a 40% investment in AVA Solutions, a specialist in data-driven mining fleet management solutions. Founded in 2015 by Anton Fourie and Jason van der Watt, two engineers with over 25 years of combined mining industry experience, AVA has achieved significant recognition in South Africa by creating a captive market for[…]

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[…]