Archives: Mining mergers and acquisitions

Babylon Pump & Power Ltd has entered into a conditional agreement for the acquisition of diesel engine specialist Primepower Queensland for up to A$4.2 million ($2.9 million) in cash, shares, delayed performance payments and assumption of debt. Mackay-based Primepower was founded in 2004 and is a specialist in Cummins engine repairs and rebuilds to the[…]

Mammoet says it has signed an agreement to acquire ALE in a deal that will see two big players in the heavy logistics for mines market combine. Both companies specialise in engineered heavy lifting and transport for sectors such as the petrochemical industry, renewable energy, power generation, civil construction and the offshore industry. Paul van[…]

As part of a process initiated by Sasol Ltd to incorporate a strategic partner for its explosives and rock fragmentation division, Chile based explosives major ENAEX SA has been selected as a preferred partner to negotiate the terms and conditions for creating a joint venture with Sasol South Africa Ltd, subsidiary of Sasol Ltd, to[…]

Victaulic CEO, John F Malloy, says his company has purchased family-owned manufacturer Globe Fire Sprinkler in an effort to become a “true leader in all aspects of the fire protection industry”. The combination of these two companies will have the resources and capabilities to bring exciting new solutions to the fire protection industry around the[…]

The boards of Metso and Outotec have unanimously approved a demerger plan and a combination agreement to combine Metso’s Minerals business with Outotec. As part of the deal, Metso Flow Control, which was recently split off from the Metso Minerals division, will become a pure-play listed entity under the name of Neles. The combination of[…]

Australia-based sustainability service provider, ERM, says it has completed the acquisition of CSA Global, providing additional capabilities to address mining clients’ issues and challenges across the full life cycle of their business. CSA Global provides technical and management consulting services, as well as independent corporate advice to mining and exploration companies, and financial and legal[…]

Civeo Corp says it has acquired Action Industrial Catering, a provider of catering and managed services to the remote mining industry in Western Australia. Civeo, a provider of hospitality services with prominent market positions in the Canada oil sands and the Australia natural resource regions, said: “The acquisition significantly enhances Civeo Australia’s service offering and[…]

Barrick Gold and Newmont Goldcorp have officially launched their Nevada Gold Mines LLC joint venture, just over three months since the two signed an implemtentation agreement. The new JV, owned 61.5% and operated by Barrick, and owned 38.5% by Newmont Goldcorp, will rank as the largest global gold producing complex by a “wide margin”, according[…]

The Weir Group says it has completed the sale of its Flow Control division to First Reserve for an enterprise value of £275 million ($343 million). The deal, which was first announced on February 25, completed on June 28, the company confirmed. The Flow Control division primarily provides highly engineered pumps, valves and other solutions[…]

SKF, a global supplier of bearings, seals, mechatronics, lubrication systems, and services, has acquired RecondOil Sweden AB, cleantech company that has developed a chemical filtration and rejuvenation process for industrial lubrication fluid and slop oil. The acquisition is set to strengthen SKF’s lubrication management business and rotating equipment performance offering, the company said, adding that[…]