Archives: Mining mergers and acquisitions

GFG Alliance says it has finalised the purchase of the hydro energy-powered Tasmanian Electro Metallurgical Company (TEMCO) smelter in Bell Bay in northern Tasmania, Australia. After entering a binding sale and purchase agreement with South32 and Anglo American in August, today’s finalisation sees TEMCO join LIBERTY Steel Group as part of the GFG Alliance family,[…]

Metso Outotec has signed a contract to deliver a complete package of key process equipment for a greenfield zinc plant in the Chelyabinsk region in Russia. The contract value of approximately €100 million ($122 million) has been booked in Metso Outotec’s Decemeber quarter order intake, a quarter of which will be booked in Minerals segment[…]

Sandvik has signed an agreement to acquire DSI Underground, a global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunneling industries, from owner Triton. The OEM has agreed a purchase price of approximately €943 million ($1.15 million) on a cash and debt free basis, it said, adding that[…]

CIMIC Group says it has signed all relevant material documentation including financing agreements for the sale of 50% of Thiess, one of the world’s largest mining services providers, to funds advised by Elliott Advisors (UK) Ltd. This encompasses the satisfaction of a number of conditions precedent, including the required regulatory approvals, CIMIC noted. Back in[…]

Epiroc has agreed to acquire MineRP, a software company majority owned by Dundee Precious Metals that specialises in increasing productivity for mines through integrated planning, execution and analytics. MineRP has offices in South Africa, Canada, Australia and Chile. The company supports large and medium-sized mines globally in strengthening and optimising their operational efficiency by providing[…]

Swick Mining Services has decided to sell its surface drilling business and concentrate on underground mining in a move Managing Director, Kent Swick, says is a logical step for the company “aligned with our strategy”. The Surface Reverse Circulation (RC) Drilling business is being sold to K-Drill Pty Ltd and K-Drill Equipment Pty Ltd. The[…]

VanGold Mining has signed a binding agreement with Endeavour Silver to acquire the El Cubo mine and mill complex in Mexico, accelerating the company’s transition from development to production at its nearby El Pinguico silver-gold project. With a rated capacity of 1,500 t/d, the El Cubo complex is made up of two operating underground silver-gold[…]

Newmont Corporation and its joint venture partners have announced the successful integration of the Alumbrera gold mine, plant and infrastructure in Argentina with Yamana Gold’s Agua Rica project to create the integrated MARA project. The integration of these two assets finalises the joint venture between Newmont (18.75%), Glencore International AG (25%) and Yamana Gold (56.25%).[…]

MACA has entered into a binding agreement to acquire Downer EDI Limited’s Mining West business in a deal that could involve a consideration of A$175 million ($132 million). Just last week, MACA said it was considering the potential purchase of Downer EDI Limited’s Mining West division as part of a stated plan to explore and[…]

Orica has been selected as the commercialisation partner for the Cooperative Research Centre for Optimising Resource Extraction’s (CRC ORE) Integrated Extraction Simulator, a cloud-based software platform designed to reduce the use of energy and water in mining through the application of simulation, optimisation and machine learning. The award followed a competitive selection process, with the[…]