Archives: Mining mergers and acquisitions

The administrator for RCR Tomlinson has found a buyer for its energy division as it continues to reorganise the engineering group and pay off its debt. ASX-listed The Environmental Group Limited (EGL) has agreed to acquire the assets of RCR Energy Service. The service provider for heat transfer plant and equipment, which operates from facilities[…]

Ascot Resources Ltd has entered into a definitive arrangement agreement pursuant to which Ascot will acquire all of the issued and outstanding common shares of IDM Mining. Each IDM shareholder will be entitled to receive 0.0675 of a common share of Ascot for each share of IDM held. The transaction will consolidate Ascot’s Premier Gold[…]

Metso has completed the divestment of its grinding media business to Moly-Cop, a portfolio company of American Industrial Partners. The divestment, announced on November 6, includes the sale of Metso Spain Holding SLU, which is made up of operations in Bilbao and Seville, Spain. As part of the transaction, some 80 employees have transferred from[…]

Cobalt 27 Capital Corp has entered into a definitive scheme implementation agreement with Highlands Pacific Ltd dated January 1, 2019, pursuant to which Cobalt 27 will acquire all of the issued ordinary shares of Highlands that it does not own by means of a scheme of arrangement under Part XVI of the PNG Companies Act[…]

Zijin Mining Group now holds 89.37% of all issued and outstanding common shares of Nevsun Resources Ltd. Zijin, through its subsidiary, has filed and will be mailing shortly thereafter a notice of variation and extension to Nevsun shareholders extending the period upon which Nevsun shareholders can tender their Nevsun Shares to the Offer. If Zijin[…]

Weeks after acquiring Swedish filtration technology company, NovaTek AB, Flowrox Oy has launched its Flowrox Filter Press and Flowrox Ceramic Disc Filter. These products significantly strengthen the Flowrox product range in the solid/liquid separation market, the company said. When the company announced the addition of NovaTek earlier this month, Simo Manninen, Vice President of Marketing[…]

Australasia’s leading technology-focused private equity firm, Potentia Capital, has taken a large stake in Micromine, as the software solution provider looks to move into a new growth phase. As part of the deal, Alan Broome AM and Claire Tuder will remain on the board, with Tuder also continuing as Chief Executive Officer. Andrew Gray and[…]

Hitachi has agreed to acquire 80.1% of ABB’s Power Grids division in a deal that come with an enterprise value (EV) of $11 billion. ABB says this divestment is an expansion of its existing partnership with Hitachi that dates back to 2014. The EV is equivalent to an EV/operating profit EBITA multiple of 11.2 x[…]

The key outcomes of Explaurum Ltd’s updated Tampia feasibility study incorporate further metallurgical test work, mine design and scheduling together with refined capital and operating cost estimates. The updated study also includes the addition of the Mace supergene deposit. Pre-tax NPV of approx. A$156 million (up from A$125 million) and pre-tax IRR of about 70%[…]

Vale has entered into an agreement with Hankoe FIP to buy innovative iron ore beneficiation technology provider, New Steel, for $500 million. New Steel currently owns patents of dry processing concentration (fines dry magnetic separation) in 56 countries, which is expected to support Vale’s development of high-grade pellet feed initiatives. Vale said the transaction was[…]