Archives: Mining mergers and acquisitions

Volvo Group has been selected as the winning bidder in an auction for Proterra Inc and Proterra Operating Company Inc, with the Sweden-based company set to spend on assets including a development centre for battery modules and packs in California, and an assembly factory in South Carolina. The business and assets of the Proterra Powered[…]

Following previous announcements made on June 15 and November 2, 2023, Avalon Advanced Materials Inc and SCR-Sibelco NV have announced the closing of their joint venture transaction. The new joint venture company, Separation Rapids Ltd (SRL), has a mandate to advance mining activities at the flagship Separation Rapids hard rock lithium (petalite) deposit near Kenora, Ontario,[…]

Newmont Corporation has announced the completion of the acquisition of Newcrest Mining Limited to create what it says is the world’s leading gold company with robust copper production. Featuring more than half of the world’s Tier 1 assets, according to the company, Newmont’s unmatched portfolio of long-life operations, value-accretive projects, abundant exploration opportunities, and world-class[…]

Perenti continues to make inroads across the mining value chain, reflected of late with the recent acquisition of DDH1, record 2023 financial year results and deployment of some of its initial artificial intelligence-backed solutions from the idoba technology business. Against this busy backdrop and a keynote address at IMARC in Sydney, IM caught up with[…]

IMDEX has revealed record September-quarter revenue of A$126.1 million ($79.4 million) as the group continues to benefit from the recent acquisition of Devico. Revenue was up 19% on the same time last year, with Devico contributing about A$18.2 million, or 17%, of the increase. Organically, excluding Devico, revenue was A$107.9 million, a 2% increase on[…]

Whitehaven Coal has executed definitive sale agreements with BHP Group and Mitsubishi Development Pty Ltd (together, BMA) to acquire 100% of both the Daunia and Blackwater coal mines in Queensland, Australia, for an aggregate consideration of $3.2 billion. Whitehaven says the transaction delivers significant value upside with attractive growth opportunities in Queensland’s Bowen Basin, including[…]

Normet says it is entering into a new market by launching Normet Xrock®, a line of hydraulic breakers, pedestal breaker booms and boom automation system. The launch follows the acquisition of Rambooms, a manufacturer and supplier of rock breaker boom systems, and Marakon Oy, a supplier of hydraulic hammers and excavator attachments for the construction[…]

Perenti says the DDH1 Limited scheme of arrangement has been implemented today, with the ASX company now having acquired 100% of the issued share capital of DDH1. Following the completion of the transaction, Perenti has now become one of the largest drilling services companies globally, increasing growth opportunities for the business and its people. When[…]

Eldridge, Brightstar Capital Partners and Claure Group have signed a definitive agreement to acquire a majority stake in Ausenco, a global integrated engineering and consulting services provider to the minerals and metals industries, and energy transition market, from Resource Capital Fund VI L.P. and other co-investors. The company’s co-founder, Zimi Meka, will remain CEO, board[…]

Clean TeQ has signed an agreement to acquire ATA® in a deal that, it says, will accelerate its dewatering technology offering as part of targeted expansion into the global mine tailings management industry. The agreement sees Clean TeQ exercise an option to purchase ATA from US-based Soane Labs LLC. ATA, Clean Teq says, represents a[…]