Archives: Mining mergers and acquisitions

CIMIC Group is close to bringing in a new equity investor for its Thiess contract mining business, with Executive Chairman, Marcelino Fernández Verdes, saying in its latest financial results that due diligence had been completed and negotiations were expected to be finalised “in the coming days”. Back in July, CIMIC Group announced it had signed[…]

Ausenco has announced the acquisition of QCC Resources, a leading coal process and materials handling service provider headquartered in the Hunter Valley, of New South Wales, Australia. QCC is a globally recognised provider of coal handling and preparation plant (CHPP) design and construction services in Australia and key overseas markets, most notably Africa, Canada, Indonesia and Russia, Ausenco says. It has assisted clients over the full project lifecycle from initial concept, prefeasibility and feasibility[…]

Inpixon has entered into a definitive agreement to acquire Nanotron Technologies GmbH, a company with experience delivering proximity awareness and collision avoidance technology in mining. The $8.7 million transaction is expected to increase Inpixon revenues by over $5 million on an annual basis and to be accretive, it said. Nanotron, headquartered in Berlin, Germany, has[…]

The Weir Group says it has entered into an agreement for the all-cash sale of its entire Oil & Gas division to Caterpillar Inc for an enterprise value of $405 million, subject to customary working capital and debt-like adjustments at closing. This follows the announcement in February 2020 that Weir would seek to maximise value[…]

Cleveland-Cliffs Inc has announced that it has entered into a definitive agreement with ArcelorMittal SA, pursuant to which Cleveland-Cliffs will acquire substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries for approximately $1.4 billion. The assets acquired include six steelmaking facilities, eight finishing facilities, two iron ore mining and pelletising operations &[…]

VivoPower International has signed a non-binding Letter of Intent (LoI) to acquire a 51% stake in specialist battery-electric and off-road vehicle company Tembo 4×4 e-LV BV. The purchase consideration will be $4.7 million and VivoPower will have the option to acquire the remaining 49% of Tembo in the future, it said. Founded in the Netherlands,[…]

Cyient, a global engineering and digital technology solutions company, has agreed to acquire specialist Australia-based consulting firm, IG Partners, to expand its end-to-end offerings for the local and regional resources sector. The acquisition will enable customers to take advantage of the growing convergence of operational and information technologies by leveraging the synergies between Cyient’s proven[…]

Having completed the construction of the SART plant at the White Dam gold-copper heap leach asset in South Australia, GBM Resources has earned a 50% stake in the joint venture operation. The execution of the joint venture between GBM and Round Oak Minerals, signed on December 18, 2019, was conditional on the completion of the[…]

Datamine, a wholly owned subsidiary of Vela Software, has acquired mining consultancy and software business Snowden. As part of the transaction with Datamine, the Snowden brand will be retained, it said, with the company explaining: “We are dedicated to maintaining consistent high levels of expertise and support that you have come to expect from Snowden.”[…]

Less than two weeks into being a public entity, Neles has become the subject of a friendly takeover offer from Alfa Laval AB. The two have entered into a combination agreement pursuant to which Alfa Laval will make a voluntary recommended public cash tender offer for all issued and outstanding shares in Neles that are[…]