Archives: Mining mergers and acquisitions

Lithium Australia NL has expanded its extensive holdings in Western Australia by completing formalities on an option over the Youanmi lithium project located in the Archean Yilgarn Block, 450 km northeast of Perth. Option to acquire the Youanmi Lithium Project now formalised The project features extensive lithium mineralisation and outcropping pegmatites It represents a potential[…]

Epiroc’s investment in ASI Mining has been a big talking point over the past few months, with many observers keen to know how the two companies will interact going forward. IM Editor Dan Gleeson put some questions to Drew Larsen, Director, Business Development, ASI Mining, to find out what effect the investment will have on[…]

Arena Minerals Inc has completed the recently announced acquisition of Antofalla Minerals S.A. (AMSA). The acquisition of AMSA provides Arena with three potential lithium brine projects in the Catamarca and Salta provinces of Argentina: • Antofalla: this project consists of three claims covering a total of 4,000 ha of the central portion of Salar de Antofalla,[…]

Environmental and advisory solutions firm SLR has acquired Northern Resource Consultants (NRC), a 25-person team of environmental specialists based in Townsville, Queensland, Australia. NRC will bring considerable additional capability and geographic coverage to SLR’s existing Asia-Pacific (APAC) business, particularly in relation to its focus on the mining and minerals sector, SLR said. NRC’s services include[…]

Vale has entered into a definitive agreement to buy Ferrous Resources Ltd, a company that currently owns and operates iron ore mines closely located to Vale’s operations in Minas Gerais, Brazil. The purchase price is $550 million and the transaction is expected to occur in 2019, subject to various conditions precedent. Reuters reports that Ferrous[…]

Barrick Gold is said to be selling research and development company AuTec as part of a new strategy tied to the upcoming merger with Randgold Resources. The Wall Street Journal, citing people familiar with the matter, said one of the first assets to go as part of a plan to offload non-core assets, reduce costs[…]

The purchase of Kiln Flame Systems (KFS) is set to provide Metso with new computational fluid dynamics (CFD) design and analysis expertise, says Jonathan Allen, Vice President, Engineered Products, at the Finland-based mining OEM. Following news Metso had completed the purchase yesterday, IM put a few questions to Allen to find out some of the[…]

Metso has acquired UK-based combustion solutions and technology provider Kiln Flame Systems (KFS) as it looks to extend its pyro processing portfolio and capabilities. KFS specialises in rotary kiln and calcining processes, combustion optimisation and burner technologies with patented designs. It provides solutions to a wide range of industries including minerals processing. The company has[…]

Watpac says it is in discussions with another party in regards to the sale of its Civil & Mining business. The ASX-listed company said due diligence was being undertaken by the potential acquirer on an exclusive basis, as the two looked to tie up a deal. It added: “The proposed transaction has an assessed potential[…]

Terra Drone has continued its acquisition drive with the purchase of a majority stake in leading European drone service provider Skeye. With this acquisition, Terra Drone has become one of the largest drone service companies with more than 250 employees and a presence in all continents. As part of the acquisition, Skeye will become the[…]