Archives: Mining mergers and acquisitions

Master Drilling has announced that it has fulfilled all the necessary conditions to acquire Geoserve Exploration Drilling, increasing the South Africa-based company’s ability to offer exploration drilling, reverse circulation drilling, geotechnical investigations and grade control drilling services. In its 2019 financial year results, released today, it said the relevant competition commission had approved the transaction[…]

Endeavour Mining is to acquire fellow West Africa-focused gold producer SEMAFO in a friendly, all-share deal that, Endeavour says, will create a top 15 global gold producer and the largest yellow metal miner in West Africa. The deal, which both sets of Board of Directors have unanimously approved, values SEMAFO at C$1 billion ($694 million)[…]

BUA Group, one of Africa’s largest infrastructure companies has announced its acquisition of majority shareholding in PW Nigeria Ltd – one of Nigeria’s largest construction, engineering and mining companies. According to BUA, this was necessary to further deepen its investments in the infrastructure business in sub-saharan Africa. PW Nigeria has been involved with both contract mining[…]

On 20 January 2020, the boards of Sirius Minerals PLC, Anglo American PLC and Anglo American Projects UK Ltd (Bidco) announced that they had reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Sirius by Bidco, to be implemented by means of[…]

Downer EDI Ltd says it will suspend the review process relating to its mining business due to the “extraordinary market volatility caused by the COVID-19 pandemic”. The company announced back in August that it was undertaking a review of its portfolio and that its Mining business would be an important area of focus, explaining that[…]

Less than six months after acquiring Timmins-based brownfield mining firm Porcupine Engineering Services, JL Richards & Associates (JLR) has bolted on Ottawa-based engineering firm LCI Engineering Inc (LCI) to its rapidly expanding portfolio. This partnership allows JLR to further diversify its mechanical and electrical services in the industrial market, it said. LCI is a mechanical[…]

Off-grid power generation specialist Zenith Energy looks like going into private hands after an entity owner by Pacific Equity Partners (PEP) made a bid to acquire the ASX-listed company. The bid from Elemental Infrastructure BidCo, which has been unanimously recommended by Zenith’s board of directors, values Zenith’s equity at around A$150 million ($98 million) and[…]

On 20 January 2020, the boards of the UK polyhalite mining project owner Sirius Minerals PLC (developing the 10 Mt/y Woodsmith mine which will ramp up to 20 Mt/y at full production), global mining major Anglo American PLC and Anglo American Projects UK Ltd announced that they had reached agreement on the terms of a[…]

Orica has signed an agreement with interests associated with Grupo Breca (Breca) to acquire all of its shares in Breca Soluciones de Voladura SAC, and its associates’ shares in Exsa SA (together representing 83.5% of the total shares outstanding in EXSA SA), payable in cash. Exsa, which is listed on the Lima Stock Exchange, is[…]

Sandvik Mining and Rock Technology, last year, made a clear statement to the underground mining equipment sector with the acquisition of Artisan Vehicle Systems: the future is electric. With this acquisition having bedded in and International Mining Events’ The Electric Mine 2020 conference, in Stockholm, Sweden, just around the corner, IM caught up with Sandvik[…]