Category: Mergers & Acquisitions

Sandvik Acquires South Africa’s ThoroughTec to Strengthen Digital Mining and Operator Training Capabilities Sandvik has announced the acquisition of South Africa-based ThoroughTec Simulation, a specialist in advanced mining equipment simulators and training management systems. The company will be integrated into Sandvik’s Parts and Services division within its Mining business area. The transaction, expected to close in the second quarter of 2026 subject to customary regulatory approvals, will enhance Sandvik’s digital mining ecosystem and aftermarket service offering. The purchase price was not disclosed. Strengthening Operator Training and Safety ThoroughTec develops OEM-agnostic… Read More Here

Rio Tinto and Glencore Call Off $232 Billion Merger Talks Amid Governance and Valuation Disputes Rio Tinto and Glencore have terminated discussions over a proposed mega-merger that would have created the world’s largest mining company, with a combined market value of approximately $232 billion. The collapse comes just ahead of a deadline for Rio Tinto to submit a firm offer. After nearly a year of intermittent negotiations, talks broke down within 24 hours, with Rio announcing it was no longer pursuing a merger or other business combination with Glencore, citing… Read More Here

Proposed Rio Tinto-Glencore Merger May Require Asset Sales to Gain Approval from China The proposed merger between Rio Tinto and Glencore could face regulatory scrutiny from China, potentially requiring the sale of key assets to secure approval from the world’s largest commodity buyer. The deal, if completed, would create one of the largest mining companies globally, with a market value exceeding $200 billion. Analysts say China is likely to scrutinise the merger due to concerns over resource security and market concentration, particularly in copper production and marketing and iron ore… Read More Here