Archives: Mining mergers and acquisitions

Rio Tinto has entered into a binding agreement with a consortium comprising private equity manager EMR Capital (EMR) and PT Adaro Energy, an Indonesian listed coal company, for the sale of its entire 80% interest in the Kestrel underground coal mine in Queensland, Australia, for $2.25 billion.   Rio Tinto chief executive J-S Jacques said “The[…]

Purvis Industries is pleased to announce that KMEC Engineering & Conveying Systems, a wholly owned subsidiary of Purvis Industries, has acquired the assets, trademarks, brand rights, patents, and intellectual property of PICOR. “the premier design and engineering company in bulk material truck and train Precision Loading Systems.” PICOR also produces telescoping chutes, mass flow gates,[…]

Wealth Minerals Ltd has entered into an agreement with the fully state-owned National Mining Company of Chile (ENAMI), whereby the parties have agreed to form a strategic alliance to develop and commercialise the company’s lithium projects in the Salar de Atacama and Laguna Verde. The Agreement provides that the parties will have 24 months during[…]

Stantec has signed a Letter of Intent to acquire Norwest Corp. With the addition of Norwest, Stantec’s Energy & Resources business operating unit will add a strong mining practice to the company’s portfolio in western Canada. Norwest, a 140-person energy and resources firm headquartered in Calgary, Alberta, has offices in Vancouver, British Columbia; Denver and[…]

Michelin today announced that it intends to acquire Fenner PLC. Headquartered in Hessle, United Kingdom, Fenner is a global leader in reinforced polymer technology with 2017 annual revenues of £655 million. It provides conveyor belt solutions and reinforced polymer products for the mining and general industrial markets. Fenner operates two divisions: (i) Engineered Conveyor Solutions[…]

Hecla Mining Co will acquire all the outstanding shares of Klondex Mines Ltd, a high-grade Nevada underground gold producer with its Fire Creek, Midas and Hollister mines, through a plan of arrangement. Klondex’s Canadian assets will be spun out to its existing shareholders. Hecla will acquire Klondex for consideration of $462 million with a mix[…]

Ucore Rare Metals, Inc has announced that the company has entered into an MOU to form a joint venture with Kentucky River Properties LLC of Hazard, Kentucky, (KRP), for the purposes of accessing and processing rare earth elements (REE) and strategic metals from the Appalachian Coal Region (ACR). KRP was formed in 1915, and is[…]

Newcrest has entered into agreements with TSX listed Lundin Gold to invest in Lundin Gold and farm-in to a selection of its exploration concessions in Ecuador. Lundin Gold is building the Fruta del Norte gold mine in Ecuador which is expected to have first production by the end of 2019.1 Newcrest to invest $250 million[…]

CSA Global recently announced an investment in, and partnership with industry-leading geophysical consulting group Southern Geoscience Consultants (SGC). The investment and partnership align with CSA Global’s strategy to diversify and broaden the firm’s technical capabilities across the mining value chain. As part of the agreement, Managing Director, Jeff Elliott will join SGC’s Board to assist[…]

Pembridge Resources has signed a Share Purchase Agreement dated February 14, 2018 (the SPA) with Capstone Mining Corp to acquire 100% of Minto Explorations Ltd. The consideration for the Proposed Acquisition is comprised of $37.5 million in cash plus new ordinary shares of nominal value 1 pence each in the capital of Pembridge, such that,[…]