Archives: Mining mergers and acquisitions

Following the acquisition of Devico, IMDEX says it is looking to grow the market for Directional Core Drilling (DCD) technology. The technology is billed as delivering sustainable mining operations through more focused and efficient exploration with decreased costs and lower environmental impact, including reduced water consumption and greenhouse gas emissions when compared with conventional drilling.[…]

AECI Mining says it has concluded the ZAR45 million ($2.4 million) acquisition of Dinaser Industria, an explosives business in Brazil. The acquisition, executed through local entity AECI Mining Produtos Quimicos Ltda, includes 100% ownership of Dinaser’s explosives distribution and storage facilities as well as operating licences in the mining states of Minas Gerais and Bahia.[…]

Wajax Corporation says it has acquired all of the issued and outstanding shares of Ontario-based Beta Fluid Power Ltd and Beta Industrial Ltd, further expanding its Industrial Parts and Engineered Repair Services offering. Beta Fluid is a leading regional supplier of hydraulic and pneumatic equipment for use in the industrial, mining and construction sectors. It[…]

The next step in the integration of SP Mining – the mining-related business of Schenck Process acquired by global, high-tech engineering group Sandvik – will see SP mining entities change their names to reflect their new ownership. On October 1, Schenck Process Australia Pty Limited, which became a wholly-owned subsidiary of Sandvik in November last[…]

Superior Industries, Inc., a Minnesota-based manufacturer and global supplier of bulk material processing and handling systems, has announced the acquisition of CEMCO, Inc. of Belen, New Mexico. CEMCO is a 60-year-old manufacturing company and originator of the modern Vertical Shaft Impact (VSI) Crusher, which, CEMCO says, revolutionised production of high quality road-making material. Today, CEMCO[…]

Malaysian group Sime Darby Berhad has announced that its wholly-owned subsidiary, Sime Darby Industrial Australia Pty Ltd will acquire Cavpower Group, a privately owned Australian company, with distribution responsibilities for Cat® equipment in South Australia and Broken Hill in New South Wales (NSW). “The acquisition of Cavpower complements our existing portfolio and provides geographic expansion[…]

Worley says it has entered into an agreement with Airswift Group (Airswift) to sell its global recruitment and contractor management company, Energy Resourcing Group (ERG), as part of its ongoing portfolio management. Under the agreement, Airswift will continue to provide ongoing contractor management services to Worley. On completion, the move is set to create the[…]

Rio Tinto has agreed to purchase Pan American Silver’s stake in Agua de la Falda S.A., as well as enter a joint venture with Corporación Nacional del Cobre de Chile (Codelco) to explore and potentially develop the exploration tenements in Chile’s Atacama region that are held under this company. Under the agreement, Rio Tinto will[…]

Vale last week signed a binding agreement with Manara Minerals, a joint venture between Ma’aden and Saudi Arabia’s Public Investment Fund, under which Manara Minerals will invest in Vale Base Metals Ltd (VBM), the holding entity for Vale’s energy transition metals business, at an implied enterprise value of US$26 billion. Concurrently, Vale and investment firm Engine[…]

Datamine has announced the acquisition of Sodep, a leader in the Brazilian fleet management market, as part of its plans to offer “one seamless package with a single source of customer support across the full value chain”, CEO Dylan Webb says. Founded in 2011, Sodep is the a provider of affordable fleet management systems for[…]