Archives: Mining mergers and acquisitions

NRW Holdings has continued with its M&A spree, agreeing to acquire 100% of BGC Contracting in a deal that comes with an equity value of A$116.4 million ($78.8 million) and expands its Mining Technologies pillar. BGC Contracting provides services to the resources, energy and infrastructure sectors across three core businesses: mining, construction and DIAB Engineering.[…]

Following a merger, completed on February 22, ÅF and Pöyry have decided to rebrand the joint company as AFRY. AFRY is a leading company within engineering, design and advisory services, with its clients mainly within the infrastructure, industry and energy sectors. ÅF was founded in 1895 and Pöyry in 1958 and, since the merger, the[…]

Kirkland Lake Gold and Detour Gold Corp have entered into a definitive agreement will see the ASX- and TSX-listed miner become a plus-1.5 Moz/y gold producer through the all-share acquisition of Detour and its Detour Lake gold mine, in Ontario, Canada. Under the terms of the transaction, which values Detour at C$4.9 billion ($3.3 billion),[…]

A new era is dawning for the innovative truck concepts from Netherlands-based mining truck company ETF HOLDING BV, with a management buyout led by Geoffrey Ejzenberg, former Chief Client Officer and Noel Jans, former Chief Technology Officer. They have set up a new company under the name BEHAULT, which stands for Belgian Haulage Technology and[…]

Engineering company Monadelphous Group is expanding its South America presence through the acquisition of 75% stakes in Chile-based construction and maintenance services contractor, Buildtek SpA, and plant and equipment hire company, Maqrent SpA. Buildtek provides multidisciplinary construction and maintenance services to the mining sector in Chile, having facilities in Antofagasta, Rancagua and Calama, and a[…]

Mitchell Services has agreed to acquire Deepcore Drilling for A$32 million ($22 million) in cash and shares, turning the ASX-listed company into, it says, one of the largest and most diversified pureplay drilling services companies in Australia. The acquisition is expected to be 38.5% earnings per share accretive based on pro-forma financials and the agreed[…]

ENAEX, a subsidiary of the Sigdo Koppers Group, says it has reached an agreement with integrated energy and chemical company, Sasol, to become a strategic partner of its explosives and rock fragmentation division. The agreement, signed this week after a negotiation process initiated last July, considers ENAEX to take part in the business as the[…]

WestStar Industrial says it has executed a share sale agreement to acquire 100% of Alltype Engineering Pty Ltd, effectively diversifying and expanding its capability to provide end-to-end project solutions. The company has agreed to pay around A$5.9 million ($4.04 million) upfront, along with a deferred consideration subject to Alltype achieving its 2020 financial year targets,[…]

NRW Holdings, in response to recent media speculation, says it has been selected as the preferred bidder in the sale of BGC Contracting. The company said it has consistently stated it is pursuing opportunities to “further diversify its revenues and enhance shareholder returns”, with this including discussions with various parties regarding potential acquisitions. This included[…]

Metso says its Extraordinary General Meeting (EGM) has seen the Board of Directors’ partial demerger plan and combination with Outotec approved. The decisions of the EGM will become effective as of the registration of the completion of the partial demerger, which is expected to take place in the June quarter of 2020, subject to the[…]