Archives: Mining mergers and acquisitions

BHP has entered into an agreement with Guyana Goldfields to acquire its 6.1% interest in SolGold, the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador. BHP Chief Executive Officer, Andrew Mackenzie, said the investment in SolGold would give BHP exposure to a high quality copper exploration project in Ecuador, which is[…]

Copper Investing News reports “Zijin Mining has emerged as the winning bidder for a partnership in the RTB Bor copper complex in Serbia.The Serbian Minister for Mines And Energy Aleksander Antic said that Zijin’s bid had been for $1.26 billion in investment in the neglected complex, and another $200 million to settle RTB Bor’s debts[…]

Vedanta Resources looks to be only a month away from leaving the London market after the revised conditions for Volcan Investments takeover of the company were met. Volcan Investments, the majority owner of Vedanta with a 66.5% stake, has now made its £8.25/share ($10.65/share) bid unconditional after it received acceptances for its offer from shareholders[…]

Paydirt says it’s “the world’s largest Australian African business forum.” Africa Down Under (ADU) will be held in Perth next week as higher investor sentiment returns to the arena after a tough five years on equity markets for Australian explorers and miners involved in Africa’s minerals sector. Western Australia’s Mines and Petroleum Minister, the Hon.[…]

Pan African reports the inaugural gold pour at its Elikhulu tailings retreatment plant. The construction of Elikhulu was completed ahead of schedule and within its R1.74-billion budget. The commissioning phase is scheduled to be completed in September 2018, with steady-state production of approximately 55,000 oz/y of gold, at an all-in sustaining production cost of between[…]

On Wednesday, 15 August 2018, Ausdrill announced it had entered into a binding agreement to acquire 100% of the equity and equity-like instruments in Barminco. Barminco is one of Australia’s leading underground hard-rock mining contractors and is Ausdrill’s existing joint venture partner in AUMS. If implemented, the acquisition will create Australia’s second largest mining services[…]

South32 Ltd has completed the acquisition of the remaining 83% of issued and outstanding shares of Arizona Mining that it did not already own via a plan of arrangement. South32 Chief Executive Officer, Graham Kerr said: “The acquisition of Arizona Mining adds to our portfolio one of the most exciting base metal projects in the[…]

To broaden its range of highly specialised products and solutions for the mining industry, Metal 7 Inc has announced the acquisition of the manufacturer Les Équipements Megatraction Inc, which is headquartered in Quebec City. Megatraction is a company that designs and manufactures a specialised range of lifting equipment for heavy electric shovels or hydraulic excavators[…]

Sandfire Resources NL has signed a binding conditional Sale and Purchase Agreement with Talisman Mining Ltd to acquire Talisman’s 30% interest in the Springfield exploration and mining joint ventures in the Doolgunna region of Western Australia. The purchase price comprises A$72.3 million for Talisman’s subsidiary, Talisman A Pty Ltd, on a debt-free and cash-free basis[…]

Hexagon AB, a global leader in digital solutions, today announced the acquisition of Guardvant, a recognised leader in operator safety solutions for the mining industry. Guardvant’s flagship solution, OpGuard, is used to detect and respond to driver fatigue and distraction – the most common underlying cause of accidents. To further mitigate operator-related accident risks, Guardvant’s[…]