Archives: Mining mergers and acquisitions

Mammoet has completed the acquisition of ALE, just over four months since the two heavy logistics companies agreed on the deal. The businesses will now operate as one company under the Mammoet brand and, over the coming months, a fully developed integration plan will be rolled out that will focus on bringing the two organisations[…]

Hexagon AB has acquired Blast Movement Technologies (BMT) from RCF Jolimont Mining Innovation in a deal that will see customers “extract greater profit from every blast”, the Stockholm-listed company said. The acquisition of BMT, a pioneer in blast movement monitoring and analysis for open-pit mines, will complement Hexagon’s drill and blast solutions with accurate ore[…]

Aramine and Aramine Loaders have been absorbed into the company Groupe Melkonian as part of a merger that will strengthen the company’s capitalisation, it said. Since January 1, Aramine is now a “simplified joint stock” company with a capital of €20.41 million ($22.7 million), compared with €900,000 previously, registered in the Aix-en-Provence Trade and Companies[…]

Anglo American has gone public with a bid to buy Sirius Minerals and its North Yorkshire polyhalite project in the UK. The all-cash bid, which values Sirius at £386 million ($507 million), comes shortly after Sirius announced a strategic review for the project that included a broader process to seek a major strategic partner for[…]

Superior Industries says it has signed a new partnership with AMPCO Minerals that will lead to the design and manufacture of a complete line of bulk material processing and handling equipment for customers outside of North America. The investment into the China-based manufacturer of crushing, screening, washing and conveying equipment furthers Superior’s vision of growing[…]

Jennmar, a subsidiary of Frank Calandra Inc, says it has acquired the Vossloh track, tie and rail accessory inventory from Atlantic Track. Along with the entire mining inventory, Jennmar has purchased all machinery necessary to support Vossloh’s current mining business consisting of rail, tie and rail straightening capabilities, it said. Tony Calandra, Group President of[…]

Voith says it is planning to acquire 70% of the shares of ELIN Motoren GmbH as it looks to strengthen its position in the market for electrical drive systems. A corresponding purchase contract was signed on December 20, with closing of the transaction anticipated to occur at the beginning of the June quarter. ELIN is[…]

Outotec has taken a strategic decision to divest three of its businesses in the Metals, Energy & Water segment’s portfolio as it focuses on its core technologies in minerals processing and metals refining. These businesses relate to aluminium, waste-to-energy and sludge incineration, the company said. This news comes as Metso is going through the process[…]

Epiroc has completed the divestment of its handheld drilling consumables manufacturing facility in Ockelbo, Sweden, less than two months after announcing the plan. Epiroc sold the facility and its business to an affiliate of Monark AS, a rock drilling tools manufacturer based in Hof, Norway. The announcement of the planned sale in October came just[…]

A hive of corporate activity is brewing at Alexander Mining, with the AIM-listed company set to complete a reverse takeover of eLight Group Holdings Ltd and sell off its mineral processing technology business, MetaLeach Ltd. Back in September, the board of Alexander announced it had completed a review of its operations and concluded it was[…]