Archives: Mining mergers and acquisitions

Basil Read Mining Botswana (BRMB), a wholly owned subsidiary of Basil Read Mining, has entered into an agreement with Thiess Botswana and Bothakga Burrow Botswana (BBB) to sell its 28% interest in the Majwe Mining joint venture to the two firms. BRMB will sell 28 ordinary shares constituting 28% of the issued shares of Majwe[…]

The President and CEO of Epiroc, Per Lindberg, says the mining equipment maker is likely to continue making acquisitions as it strives for long-term growth over the latest business cycle. In the company’s first full year of operation, Epiroc has, among other transactions, acquired a minority stake in mining autonomy major ASI Mining, agreed to[…]

NRW Holdings has entered into an agreement to acquire RCR Tomlinson’s Mining and Heat Treatment businesses for A$10 million ($7.3 million) in cash. The agreement was signed with RCR’s administrators, which have been offloading various RCR subsidiaries since shortly after the company declared total liabilities of A$581.3 million alongside cash and equivalents of A$89.9 million[…]

Belle Banne Conveyor Services (BBCS) says it has acquired the business of Conveyor Pulleys Australia (CPA) from Longship Enterprises as it looks to bolster the range of pulleys manufactured at its Victoria, Australia, facilities. BBCS, part of the Fenner Dunlop Australia group of companies, is a leading supplier of conveyor products, belt handling technology, materials[…]

California-based Artisan Vehicles has confirmed a statement from Sandvik that it is to be taken over by the Finland-based company and has now explained why it feels the partnership will set a new course for the mining industry. “In Artisan’s main conference room, there is a simple, but powerful message displayed prominently in the centre[…]

Sandvik has acquired privately-owned Artisan Vehicle Systems as it looks to capture more market share in the fast-moving battery-electric mining equipment space. Based in Camarillo, California, US, Artisan is a manufacturer of battery-powered underground mining equipment. It has three commercially-available machines: a 4-t capacity LHD (A4, pictured), 10-t capacity LHD (A10) and a 40-t capacity[…]

Having recently closed a deal to acquire fellow contractor Barminco, Ausdrill has announced A$171 million ($123 million) in new work across the mining space. Its Barminco business has sealed a three-year underground mining services contract with Regis Resources at the Rosemont project (worth A$113 million), in addition to receiving the nod to perform decline rehabilitation[…]

Newmont Mining has agreed to acquire Goldcorp in a friendly all-stock deal valuing the Canada-headquartered company at $10 billion. Under the terms of the agreement, Newmont will acquire each Goldcorp share for 0.3280 of a Newmont share, which represents a 17% premium based on the companies’ 20-day volume weighted average share prices. The deal comes[…]

Datamine has announced the acquisition of Flairbase Inc as it looks to further integrate the company’s Amine short term mine planning suite into its software offering and start global distribution of its SIMS production planning and reporting system. The deal follows a partnership to distribute the Amine short term mine planning solution (pictured), Datamine said.[…]

McLanahan Corp is expected to complete the acquisition of Anaconda Equipment of Northern Ireland in the next 30 to 60 days, as the processing-focused firm looks to build on a partnership that started in 2017. For the past two-or-so years, Anaconda Equipment has distributed and sold McLanahan’s line of mobile track equipment. Founded in 2008[…]