Archives: Mining mergers and acquisitions

During the Epiroc World Expo 2023, IM Editorial Director Paul Moore had the chance to sit down in person with President and CEO Helena Hedblom to talk through strengths and challenges as the industry begins arguably its most significant transition to date You talk a lot to your major customers about their roadmaps – with[…]

Appian Capital Advisory LLP, the investment advisor to long-term value focused private capital funds that invest in mining and mining-related companies, announces the sale of its Brazilian battery metals-focused portfolio companies Atlantic Nickel and Mineração Vale Verde (MVV) to ACG Acquisition Company Ltd (ACG) for a cash consideration of $1 billion, along with the sale of[…]

The BEUMER Group has acquired what it says is one of the leading companies for air supported belt conveyors, The Hendrik Group Inc, in a deal that confirms its commitment towards sustainability. The move, which is fully complementary to the company’s current technologies offering, ensures an even broader customer benefit, BEUMER Group said. Founded in[…]

WSP says it is strengthening its position as a leading provider of services across the full mining asset life cycle with the addition of Calibre Professional Services and its 800 professionals in Australia. The company’s mining team now represents over 5,200 professionals globally, including 1,400 experts in Australia, and benefits from an enhanced ability to[…]

Epiroc says it has agreed to purchase the key assets of Schramm Australia, a leading manufacturer of products for reverse circulation (RC) drilling. Since February 2023, Schramm Australia, based in Perth, has been in voluntary administration, and Epiroc will now continue the business. The assets include intellectual property as well as two production facilities near[…]

Following completion of due diligence, Newmont says it has entered into a binding Scheme Implementation Deed (SID) under which Newmont will acquire 100% of the issued share capital in Newcrest by way of an Australian court-approved Scheme of Arrangement. This circa-$18 billion deal will result in Newmont – already the largest gold miner by production[…]

Datamine has announced the acquisition of AssayNet, a full-service provider of LIMS (Laboratory Information Management Systems) for mine site and environmental laboratories. Assaynet Inc, Datamine says, offers total data management for mine site lab operations and has developed a world-class, robust and highly scalable solution. Based in Canada, the company was founded in 2000, operates[…]

Shareholders of Metso Outotec have approved the Board of Directors’ proposal to change the company name to Metso Corporation, bringing an end to a name that was instated in mid-2020 when the two firms – Metso and Outotec – merged. The change of the parent company name Metso Corporation is effective starting May 4, 2023,[…]

Rio Tinto has entered into a binding agreement to acquire the Platina scandium project, a high-grade scandium resource in New South Wales, from Platina Resources Limited for $14 million. The project, near Condobolin in central New South Wales, comprises a long life, high-grade scalable resource that could produce up to 40 t/y of scandium oxide,[…]

Hydro has signed an agreement with Glencore, who will acquire 30% of the Brazilian alumina refinery Hydro Alunorte and Hydro’s 5% ownership in the Brazilian bauxite producer Mineracao Rio do Norte (MRN). Glencore will acquire an additional 40% stake in MRN, which is currently owned by Vale. This 40% interest will be acquired by Hydro from[…]