Archives: Mining mergers and acquisitions

Sandvik Mining and Rock Technology has signed an agreement to acquire Allied Construction Products, a US distributor of hydraulic hammers to the construction and mining industries and manufacturer of compactor plates and mounting brackets. Sandvik, which already owned 21% of the company, has had a strategic partnership in place with Allied since 2003 whereby Allied[…]

RPMGlobal has added mine scheduling optimisation capability to its expanding mining software remit with the acquisition of Canada-headquartered Revolution Mining Software. Privately-owned Revolution Mining Software develops and sells its flagship Schedule Optimisation Tool (SOT™), a “cutting-edge financial mine scheduling optimisation solution”, RPMGlobal said. SOT is the industry’s only strategic financial optimisation tool for underground mines[…]

IMDEX has acquired AusSpec, an industry leader in automated mineralogy to the mining sector, in an A$8.5 million ($5.9 million) cash and shares deal. The deal closes a technology gap for IMDEX around rock knowledge, complements its existing tools that add value across the entire mining chain from exploration to production, and has the potential[…]

Crushing, grinding, flotation, solvent extraction, electro winning, tailings management…Metso Outotec covers it all. The new mineral processing entity might be less than a week old, but many in the industry would have, no doubt, had some burning questions to ask since the planned merger was announced on July 4, 2019. IM had a chance to[…]

MOGAS Industries has completed the acquisition of assets of Watson Valve, a US-based turnkey manufacturer of severe service valves for industries including mining. Watson has a global install base of over 3,400 valves, primarily in the mining industry, but also encompassing the oil & gas and chemical industries, MOGAS said. “This strategic purchase expands MOGAS’[…]

The first public showing from executives of the new Metso Outotec has highlighted just how big the new group will be within the mineral processing ecosystem. Circa-15,000 employees, some 5,000 service representatives, around €4.2 billion ($4.7 billion) of sales in 2019…the stats are impressive. The minerals sector dominates within this, representing 61% of 2019 sales.[…]

Metso Corporation and Outotec Oyj have now received the remaining outstanding competition clearances for the combination of Metso’s Minerals business with Outotec through a partial demerger of Metso. Current Metso shareholders will own 78% and Outotec shareholders 22% of the combined company. Pekka Vauramo, the current Metso President and CEO will be the CEO of[…]

China’s Zijin Mining Group already has significant mining investment projects in 14 provinces (regions) domestically and 11 countries overseas including a list of large production mines like Fujian Zijinshan Gold and Copper Mine, Heilongjiang Duobaoshan Copper Mine, Porgera Gold Mine in Papua New Guinea, Kolwezi Copper and Cobalt Mine in the DRC, Bor Copper Mine[…]

NASDAQ-listed Mudrick Capital Acquisition Corporation (MUDS) and Hycroft Mining Corporation, the US-based, gold and silver producer in Nevada, have announced the completion of the purchase of Hycroft by MUDS.  The shareholders of each of MUDS and Hycroft approved the transaction, which closed on May 29, 2020, creating a new world-class mining company named Hycroft Mining[…]

With Metso and Outotec having recently cleared one of the final remaining hurdles towards merging the two companies, the future Metso Outotec Board of Directors has laid out the planned company structure and related executive team appointments. The nominations will become effective after the closing of the partial demerger of Metso and the combination of[…]