Archives: Mining mergers and acquisitions

Afarak Group Oyj of Finland reports that it has bought Serbian magnesia products company Magnohrom for €1 million ($1.2 million). Afarak said it has acquired Magnohrom’s operations and mining rights for magnesite mines with confirmed reserves of over 4 Mt of ore. Roskill view: “Integrated production of up to 72,000 t/y magnesite, 40,000 t/y dead[…]

Tianqi Lithium will buy Nutrien’s 24% stake in SQM, held in series A shares, for $4 billion, taking its share in the Chilean lithium, potash, iodine and speciality chemicals producer to 26% following the purchase of 2% from a US-based asset manager in 2016. Tianqi had an option on another 7% of shares, secured at[…]

Xiana Mining Inc has entered into a definitive agreement with subsidiaries of Glencore plc to acquire 100% of Minera Altos De Punitaqui (MAP), a producing copper-gold operation in Chile. Commenting on the MAP Acquisition, Carlos Ballon, Chairman & CEO said: “MAP is an excellent cornerstone asset for Xiana which combines an existing copper and gold[…]

Mrs Ann Gloag, O.B.E., co-founder of Stagecoach Group and previously ranked as Scotland’s richest woman has notified the market that she holds 16.2 million shares in Arc Minerals representing 3% of the company. She stated Mrs. Gloag stated “I was happy to participate in Arc Minerals’ recent share placing in support of the Board’s growth[…]

Murray & Roberts Holdings Ltd today announced a potential transaction, proposing to make an all share offer to acquire the entire issued share capital of Aveng Ltd, as well as to implement a solution to enable the early redemption of the Aveng convertible bonds. Henry Laas, Group Chief Executive, Murray & Roberts comments: “The primary[…]

Nutrien Ltd and Tianqi Lithium Corporation announced today that they have signed an agreement, whereby Tianqi Lithium has agreed to purchase 62,556,568 “A shares” of Sociedad Química y Minera de Chile SA (SQM) held by Nutrien for consideration of $65 per share in cash. The announced transaction represents the entirety of Nutrien’s “A shares” at[…]

Environmental Clean Technologies Ltd announces the commercial terms of the Master Project Agreement (MPA) ahead of the scheduled signing ceremony in Canberra on May 24 2018. This refers to the world’s first Australian-designed Coldry and Matmor plant for power generation and steel making. Key points: Largest ever research and development (R&D) collaboration between Australian and[…]

Tharisa, which owns and operates the Tharisa mine on the south-western limb of South Africa’s Bushveld Complex has acquired a 90% shareholding in Salene Chrome Zimbabwe (Pvt) Ltd at the par value thereof from the Leto Settlement Trust, a related party being the beneficial shareholder of Medway Developments Ltd, a material shareholder in Tharisa. The[…]

Lundin Mining Corporation and Euro Sun Mining Inc have announced that they have submitted a proposal to Nevsun Resources Ltd to acquire all of Nevsun’s outstanding common shares for approximately C$1.5 billion. This proposal has been rejected by Nevsun. Lundin Mining says its numerous attempts to engage Nevsun and propose a mutually beneficial transaction have been[…]

Contura Energy, Inc, along with ANR, Inc and Alpha Natural Resources Holdings, Inc have announced that the companies have entered into a definitive merger agreement providing for an all-stock transaction to create a premier US metallurgical coal platform and cost-competitive thermal coal portfolio. The transaction, which has been unanimously approved by the boards of directors[…]