Archives: Mining mergers and acquisitions

ERAMET has announced that it proposes to make an off-market takeover offer to acquire all of the issued shares in Mineral Deposits Ltd (MDL) that it does not already own for A$1.46 cash per share. This is an all-cash transaction that values the equity of MDL (on a fully diluted basis) at approximately A$291 million.[…]

In August 2017, American Industrial Partners, the equity firm which owns global grinding media giant Moly-Cop, announced a definitive agreement by Valmont to sell its Australian mining consumables business Donhad to Moly-Cop. This is only now going through after The Australian Competition and Consumer Commission (ACCC) cleared the deal. Donhad owner Valmont said in its[…]

Weir has entered into a binding agreement to acquire ESCO Corporation, the US company based in Portland, Oregon, for an equity value of $1.051 billion and an estimated enterprise value of $1.285 billion. ESCO is the global market leader in highly engineered GET for surface mining and construction. “ESCO is a global business with 10[…]

GP Global (Formerly Gulf Petrochem Group) has completed its acquisition of MAG Lube LLC in the United Arab Emirates. MAG Lube LLC is a leading manufacturer of lubricants in the Middle East, distributing its full range of lubricants in more than 40 countries across the Middle East, Africa and Asia. GP Global has acquired a[…]

India’s iron ore major NMDC and Indian Rare Earths Ltd (IREL) signed an MOU on April 2 at NMDC Head Office in Hyderabad through which they together propose to explore opportunities in rare earths in India and abroad and also in setting up downstream value chain for rare earth products. “Rare Earth Elements (REE) are[…]

Mineral Resources Ltd has entered into a binding Scheme Implementation Deed with Atlas Iron Ltd in relation to a combination of the two companies. Under the terms of the agreement, MRL has agreed to acquire all of the shares of Atlas via a Scheme of Arrangement. Atlas shareholders will receive 1 new MRL share for[…]

Volvo Group said recently that it has entered into an agreement to divest a Chinese subsidiary, which is holding 25.2% of the shares in the Chinese mining truck major Inner Mongolia North Hauler Joint Stock Co Ltd (NHL) for approximately SEK0.9 billion. The transaction is subject to regulatory approvals and could be terminated by either[…]

The Finnish industrial conglomerate MSK Group has acquired the entire share capital of Matec GmbH, a cabin manufacturer operating in Germany and Slovakia. With the acquisition, Matec’s plants in Döbeln and Lipany become part of MSK Group. Matec manufactures cabins for machinery of many major mining OEM brands, such as Volvo CE, Liebherr and Komatsu[…]

Murray & Roberts recently received correspondence from ATON GmbH regarding ATON’s intention to make a firm offer to Murray & Roberts’ shareholders to acquire all the issued and to be issued ordinary shares of Murray & Roberts, not currently owned by ATON at a cash offer price of ZAR15.00 per Murray & Roberts’ ordinary share.[…]

EPC Nordex, one of Canada’s leading manufacturers and distributors of explosives to the mining, quarrying and construction industries, is to be rebranded by its parent company, the EPC Groupe. Nordex Explosives Ltd, which was originally formed in 1970, was acquired by the EPC Groupe in August 2016. Since then, the company has been known as[…]