Weir has entered into an agreement to purchase US ground engaging tools (GET) specialist ESCO for $US1.28 billion ($1.67 billion). The transaction has been approved by Weir’s board of directors and is not subject to shareholder approval.
South African engineering company DRA has announced it will acquire Australian explorer Minnovo Global for an undisclosed sum.
The value of mergers and acquisitions (M&A) in Australia during the first three quarters of 2017 is already close to doubling what was recorded throughout last year.
Global power and automation technology company ABB will strengthen its position in the electrification sector through the acquisition of GE Industrial Solutions for US$2.6 billion ($3.3 billion).
The Queensland department of natural resources and mines (DNRM) has granted the final heritage approval for Carbine Resources’ Mount Morgan gold copper project, southwest of Rockhampton.
Australia’s mining industry can expect an increase in mergers and acquisitions (M&A) this year, especially in the coal and gold sectors, according to Herbert Smith Freehills.
Ernst & Young (EY) expects an upward trend in mergers and acquisitions (M&A) and capital raising activity to continue in 2017, the company outlined in its latest mining and metals report.
The number of mining deals in Australia is rising, according to Ernst & Young’s (EY) third quarter global mining and metals M&A activity report.
Bradken’s board has supported a takeover bid worth $689 million from Japan’s Hitachi Construction Machinery.
Rio Tinto has sold its stake in the Zululand anthracite colliery to Menar Holding.
Anglo American has sold the Foxleigh coal mine to a joint venture of Middlemount South. POSCO, and Nippon Steel.
Caterpillar Underground Machinery has acquired the IP for Ground Force Worldwide’s underground articulated truck designs.
Evolution has acquired a major stake in Glencore’s Ernest Henry copper gold mine.
Evolution has agreed to sell the Pajingo gold mine to Chinese company Minjar Gold for $52 million.
Evolution Mining is considering the divestment of its Pajingo gold mine, after receiving approaches for the asset.
The ninth of a ten part series examining the trends that will define mining in 2016.
Anglo American has reportedly rejected a merger offer from Vedanta Resources, despite CEO Mark Cutifani’s fears the worst is yet to come.
Komatsu will acquire mining machinery manufacturer Joy Global for US$3.7 billion.
Sandvik has announced it will divest its Mining Systems division to private equity firm CoBe Capital.
The Blair Athol coal mine has been sold to TerraCom subsidiary Orion Mining, with plans to restart mining.