FLSmidth is in talks to acquire thyssenkrupp’s mining business, potentially creating further consolidation in the global mining equipment and technology space.
Nickel Mines is set to expand its foothold in Indonesia by acquiring an interest in the Angel Nickel development project for a total consideration of $US490 million ($671.6 million).
Northern Star Resources and Saracen Mineral Holdings’ announcement of a $16 billion merger has brought anticipation for the rise of a new top 10 global gold producer, with signs there may be more mergers and acquisitions (M&A) in the gold sector.
OZ Minerals has completed a $76 million acquisition of Cassini Resources, giving the company full ownership of the West Musgrave nickel-copper project in Western Australia.
Cardinal Resources has accepted a revised takeover offer from Shandong Gold following months of bidding war between the Chinese gold miner and United Kingdom-based Nordgold.
OZ Minerals is set to accelerate underground development at the Prominent Hill copper-gold mine in South Australia with fresh funding boost.
Regis Resources is set to acquire tenements that form part of Stone Resources Australia’s North Brightstar project in Western Australia.
The COVID-19 pandemic has caused a $5.3 billion ($7.4 billion) drop in the total value of mining deals during the second quarter of this year.
Shandong Gold Mining has raised its takeover offer for Cardinal Resources following a competing proposal from the target’s largest shareholder, Nordgold.
Aeris Resources has committed $13 million for exploration at the Cracow gold mine in Queensland over the next two years after completing a takeover of the mine.
The gold mining sector has announced a series of mergers and acquisitions (M&A) involving Genesis Minerals, Kingston Resources and Firefly Resources.
The European Commission has approved the proposed combination of Metso’s minerals business and Outotec, with the merger on track for completion in June.
The value of mergers and acquisitions (M&A) deals in Australia’s metals and mining industry reached US$3.37 billion ($5.2bn) in Q4 2019.
TerraCom has made a takeover offer to Universal Coal in a bid worth $294 million, which has met the “overwhelming support” of the target’s investors.
Emeco plans to acquire hard rock underground mining services company Pit N Portal in a deal worth $72 million.
GR Engineering is set to expand its foothold in the United states through a planned acquisition of Arizona-based Hanlon Engineering & Associates.
NRW Holdings has confirmed it will buy BGC Contracting in a transformational deal that gives the target an enterprise value of $310 million.
Kirkland Lake Gold is set to acquire Canada’s Detour Gold in a deal worth around $C4.9 billion ($5.4 billion).
WestStar Industrial is set to acquire Tier 2 steel fabrication provider Alltype Engineering in a deal worth around $8.4 million.
Panoramic Resources has responded to Independence Group’s ‘highly conditional’ takeover offer for the company, saying that it has breached certain conditions and would likely do so again.