Archives: Mining mergers and acquisitions

Epiroc, a leading productivity partner for the mining, infrastructure and natural resources industries, has agreed to acquire Fordia Group Inc, the Canadian manufacturer of exploration drilling tools. Fordia Group is based in Montreal, Canada, and has sales in more than 70 countries. It provides exploration drilling tools such as diamond bits, down-the-hole tools, drill rods[…]

Back in June 2018, quietly and without any fanfare, GE Transporation sold its scoop/LHD product line and intellectual property that had been part of GE Fairchild, to Komatsu Mining. GE itself had only bought Fairchild back in 2012, while in 2014, GE and Komatsu had announced “a new collaboration to develop next generation mining equipment”[…]

WorleyParsons Ltd has paid $3.3 billion to acquire Jacobs Engineering Group’s energy, chemicals and resources (ECR) business as it looks to create a “pre-eminent global player across hydrocarbons, chemicals and minerals and metals”. The transaction is expected to deliver approximately 50% earnings per share accretion on a financial year 2018 pro-forma basis after factoring in[…]

Explorer Vector Resources has locked in a $49 million funding deal as it moves to acquire a 60% stake in the 3.2 Moz Adidi-Kanga gold project in Ituri Province in the DRC. The funding, from Dubai-based “diversified conglomerate” Fast Telecom (FT) follows a $28 million debt facility with Medea Future Materials Fund announced in September.[…]

Canada’s Wajax Corp has acquired all of the issued and outstanding shares of Montréal, Québec-based Groupe Delom Inc. Founded in 1963, Delom specializes in the maintenance and repair of critical electromechanical and rotating equipment for continuous process industries. Serving customers in diverse end markets, including hydroelectric, wind and nuclear power generation, mining, pulp and paper,[…]

BHP has entered into a share subscription agreement with SolGold Plc, which is the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador. Following completion of the private placement by SolGold, BHP’s interest in SolGold would increase from 6.01 to 11.2%. BHP has agreed to pay a 32% premium to the 20[…]

Sandfire Resources NL has today completed the acquisition of the 30% interest in the Springfield Exploration and Mining Joint Ventures (Springfield project) held by Talisman Mining Ltd, giving it 100% ownership of the Springfield project including the high-grade Monty copper-gold mine. Sandfire has completed the acquisition of Talisman’s subsidiary, Talisman A Pty Ltd (TLMA), for[…]

LKAB Minerals will, subject to merger clearance, complete a cash deal transaction, acquiring full ownership of Francis Flower. “Acquiring Francis Flower accelerates our growth within the industrial minerals market. An increase of iron ore production is one building block in LKAB’s growth plan, but growing our other businesses is equally as important to create a[…]

Emerson has agreed to acquire Intelligent Platforms, a division of General Electric, as it looks to expand its potential customer base in markets such as metals and mining. “Intelligent Platforms’ programmable logic controller (PLC) technologies will enable Emerson, a leader in automation for process and industrial applications, to provide its customers broader control and management[…]

Euromoney Institutional Investor, the international business information and events group, has signed a binding agreement to sell the assets of its Mining Indaba business to ITE Group for £30.1 million ($39.1 million). Mining Indaba’s annual event, Investing in African Mining Indaba, is one of the world’s largest mining investment conferences, dedicated to the capitalisation and[…]