Archives: Mining mergers and acquisitions

Sibanye-Stillwater reports that the South African Competition Tribunal has approved the proposed acquisition of Lonmin Plc, subject to specific conditions. In addition to the conditions agreed between Sibanye-Stillwater and the Competition Commission (details of which were provided in the announcement on 18 September 2018), a further condition has been imposed by the Competition Tribunal, namely:[…]

Amid all the justified hype surrounding the launch of Epiroc’s second generation of battery-electric machines in Örebro, Sweden, this week, the company’s recent M&A activity was somewhat forgotten. The acquisition of 34% of ASI Mining, a subsidiary of Autonomous Solutions Inc, is one of the more interesting buys the company has made in the past[…]

Pan American Silver Corp and Tahoe Resources Inc have entered into a definitive agreement for Pan American to acquire all of the outstanding shares of Tahoe pursuant to a plan of arrangement, creating the world’s premier silver mining company. Highlights of the combined entity, according to Pan American Silver: Worldclass primary silver asset portfolio, diversified[…]

Bluequest Sourcing, a 100% subsidiary of Bluequest Resources AG, has advanced Xiana Mining Inc a secured convertible loan facility in the principal amount of up to $9 million, representing up to $7 million cash drawings plus capitalized interest. The proceeds of the loan were used to support Xiana’s acquisition of Minera Altos De Punitaqui (MAP)[…]

Seequent, a world leader in visual data science, has signed an agreement to acquire Geosoft, a Canadian geoscience software company headquartered in Toronto with offices around the world.  The acquisition brings together Seequent’s Leapfrog 3D geological modelling software suite with Geosoft’s subsurface geoscience and exploration data-driven technology – to create, Seequent says, “an unparalleled subsurface[…]

Metso has signed an agreement to divest its grinding media business to Moly-Cop, a portfolio company of private equity firm American Industrial Partners. The transaction comprises the sale of Metso Spain Holding SLU, including operations in two locations with around 80 employees in Spain (Bilbao and Seville). The estimated turnover of the business in 2018[…]

Epiroc has made another acquisition, this time taking over Sautec AS, an Estonian distributor of mining and construction equipment. Sautec is based in Tallinn, Estonia, and is active also in Latvia and Lithuania. The company, which has six employees, distributes underground mining equipment and construction demolition tools with related parts, services and consumables. This is[…]

Lithium Americas Corp reports the completion of a series of transactions with subsidiaries of Jiangxi Ganfeng Lithium Co (Ganfeng Lithium) and Sociedad Química y Minera de Chile S.A. (SQM) with respect to the Cauchari-Olaroz lithium project in Jujuy, Argentina, previously announced on August 13, 2018. Pursuant to the transaction, Ganfeng Lithium has acquired a 37.5%[…]

LogiCamms and Dassault Systèmes have expanded their software collaboration partnership with the signing of a system integrator alliance agreement. The agreement will cover both enterprise technology deployments and implementation services for Dassault Systèmes’ industry solution experiences based on the 3DEXPERIENCE platform, LogiCamms said. Last year, Dassault Systèmes’ signed a software collaboration pact with LogiCamms in[…]

Polymetal International has entered into a legally binding agreement with Chaarat Gold Holdings Ltd for the sale of the Kapan mine in the Republic of Armenia for a total consideration of $55 million. “The sale of Kapan is a step towards shrinking Polymetal’s asset base to focus on large long-life projects”, said Vitaly Nesis, Group[…]