Archives: Mining mergers and acquisitions

Outotec Oyj and Metso Corporation have cleared one of the last major hurdles on their journey to combining with the receipt of unconditional merger control clearance from the European Commission for the combination of Metso Minerals with Outotec to create the new global mineral processing solutions giant Metso Outotec. Outotec Oyj and Metso Corporation have[…]

US-based Energy Fuels Inc has entered into an agreement to acquire the Prompt Fission Neutron (PFN) technology and equipment, including all its related intellectual property, from GeoInstruments Logging LLC. The deal will give the uranium producer the exclusive right to use, licence, and service this particular PFN technology globally, which Energy Fuels says is critical[…]

Pacific Energy is looking to strengthen its renewables focus having added solar and battery microgrid specialist Hybrid Systems Australia (Hybrid Systems) to the group. Taken private in a deal last year involving funds advised by Australian diversified alternatives asset manager QIC, Pacific Energy has previously designed, built, and operated power solutions for miners in remote[…]

Orica says it has completed the acquisition of 83.5% of shares in Peru’s Exsa, moving the Australia-listed firm closer to becoming the number one industrial explosives player in the country, Alberto Calderon says. First announced in February, the acquisition will create a step-change in Orica’s manufacturing footprint, driving competitive advantage and an enhanced position in[…]

After receiving all the official approvals, Voith has successfully completed the acquisition of ELIN Motoren GmbH on April 30, 2020. ELIN Motoren, headquartered in Austria, is a high-tech company in the field of electric motors and generators that is active worldwide and supplies individualised solutions for industrial applications. As an example, ELIN’s water cooled motors[…]

Ucore Rare Metals says it has executed a binding share purchase agreement with Innovation Metals Corp and its shareholders that will see it acquire 100% of IMC and its RapidSX™ accelerated solvent-extraction-based separation technology. IMC is a privately held Canada-based company that has developed RapidSX for the separation and purification of critical metals including rare[…]

Epiroc says it is to consolidate the manufacturing of exploration drilling tools in Canada, gradually moving its base from North Bay to Montreal and Sweden over the course of 2020. The decision, taken on the day it announced its March quarter results, will affect about 65 employees in North Bay, Ontario, it said, with the[…]

Mineral Resources Ltd says it has completed the acquisition of Mining Wear Parts (MWP), a privately-owned company that provides specialist parts to the mining, quarrying and recycling industries across Australia. MWP, based in Brisbane and with operations in Western Australia, was established by David Macfarlane in 2016. Since then it has grown to become a[…]

Metals Consulting International Ltd (MCI), the independent iron and steel sector management consulting firm, has announced the merger of its advisory business with that of Saint Barbara, advisors to the world’s metals, minerals and mining industries. MCI mostly undertakes iron and steel sector due diligence and feasibility study work for clients in Western, Central and[…]

With their merger completion still expected to complete in Q2 2020 (via Metso’s partial demerger and combination with Outotec to create Metso Outotec & Metso Flow Control spinning off to become Neles), mineral processing technology & equipment majors Metso and Outotec have updated markets on the impact of the coronavirus (COVID-19) pandemic to their businesses.[…]