Mergers & Acquisitions - Copperbelt Katanga Mining

Virtus Minerals Advances Chemaf Takeover in DRC with Key Regulatory Review

May 5, 2026May 5, 2026 Constance0 comment

Virtus Minerals Moves Forward with Chemaf Acquisition in DR Congo, Strengthening Oversight of Copper and Cobalt Assets The acquisition of Chemaf’s mining assets has entered a critical administrative phase in the Democratic Republic of Congo (DRC). On April 29, 2026, the Director General of the Mining Registry, Popol Mabolia Yenga, met with the Chairman of the Board of Virtus Minerals, the new owner of Chemaf. Chemaf (Congo Eastern Mining Frontier) primarily operates mining sites in the southern provinces of Lualaba and Haut-Katanga, at the heart of the country’s copper belt… Read More Here

Mining in Zambia Hydro power plant Mergers & Acquisitions Press Release

GLOBELEQ CONFIRMS ACQUISITION OF A MAJORITY STAKE IN ZAMBIA’S LUNSEMFWA HYDRO POWER COMPANY

March 17, 2026March 17, 2026 Constance

Globeleq, the leading independent power company in Africa, has completed its acquisition of a 51% equity stake in Lunsemfwa Hydro Power Company (LHPC) from Norfund, the Norwegian development finance institution. The transaction represents a major step in Globeleq’s entry into the Zambian energy market and the South African Power Pool (SAPP). The remaining 49% of LHPC is owned by Wanda Gorge Investments, a Zambian-based infrastructure investment company. LHPC operates two hydroelectric power plants with a combined capacity of 56 MW and is constructing a 27 MWp solar PV project. Its… Read More Here

Mergers & Acquisitions Corporate News International

Fortescue Acquires Alta Copper to Secure Full Ownership of Cañariaco Project in Peru

March 10, 2026March 10, 2026 Constance

Fortescue Completes Alta Copper Acquisition, Securing 100% of Cañariaco Copper Project Diversified mining company Fortescue has completed its acquisition of Alta Copper, securing full ownership of the Cañariaco Copper Project in northern Peru. The transaction was finalized through a Canadian plan of arrangement, under which Fortescue subsidiary Nascent Exploration acquired all issued and outstanding shares of Alta Copper that were not already owned by the group. Under the terms of the agreement, Alta Copper shareholders received C$1.40 per share in cash, representing a total equity value of approximately C$139 million.… Read More Here

International Corporate News Mergers & Acquisitions

Sandvik to Acquire ThoroughTec Simulation to Expand Mining Training Solutions

February 15, 2026February 15, 2026 Constance

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

International Corporate News Mergers & Acquisitions

Rio Tinto and Glencore Abandon Plans for $232 Billion Mining Mega-Merger

February 15, 2026February 15, 2026 Constance

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

Mining in DRC Cobalt Copper Mergers & Acquisitions

US Firm Virtus Minerals to Acquire Chemaf as Washington Strengthens Critical Minerals Strategy in the DRC

February 8, 2026February 8, 2026 Constance

US-Backed Firm Virtus Minerals Moves to Acquire Congolese Copper and Cobalt Producer Chemaf A US-based company led by former military and intelligence officials has agreed to acquire Chemaf SA, a financially distressed Congolese copper and cobalt producer that has become central to Washington’s strategy to secure critical mineral supply chains. Virtus Minerals Inc. has reached an agreement to purchase Chemaf for an undisclosed amount and to assume all of the company’s liabilities, including significant debt. The transaction is expected to be accompanied by capital investments totaling up to US$750 million,… Read More Here

Mining in DRC Cobalt Copper Corporate News Mergers & Acquisitions

U.S. Expands Strategic Footprint in Africa’s Critical Minerals Through Glencore Deal

February 4, 2026February 4, 2026 Constance

U.S.-Backed Orion Consortium Acquires 40% Stake in Glencore’s DRC Copper and Cobalt Assets The United States is strengthening its presence in Africa’s critical minerals sector after Glencore PLC agreed to sell a 40% stake in its Democratic Republic of Congo (DRC) copper and cobalt operations to the U.S.-backed Orion Critical Minerals Consortium (Orion CMC). The transaction, announced on Tuesday, values the assets at approximately $9 billion, including debt, and covers Glencore’s Mutanda Mining (MUMI) and Kamoto Copper Company (KCC) operations. These projects rank among the largest Western-owned producers of cobalt… Read More Here

Mining Equipment International Mergers & Acquisitions

Zahid Group Completes $1.3bn Acquisition of Barloworld in Landmark Middle East–Africa Deal

January 27, 2026January 27, 2026 Constance

Saudi Arabia’s Zahid Group Finalises $1.3bn Barloworld Acquisition in Major Middle East–Africa Deal Saudi Arabia’s Zahid Group has formally completed the acquisition of South African industrial conglomerate Barloworld, concluding a R23 billion ($1.3 billion) transaction that takes the 123-year-old company private and ranks among the most significant Middle East–Africa corporate takeovers in recent years. The acquisition, led by a consortium anchored by Zahid Group through its subsidiary Gulf Falcon Holding, was finalised in January 2026 after the buyers secured the remaining outstanding shares via a compulsory squeeze-out. Barloworld’s ordinary shares… Read More Here

International Gold Mergers & Acquisitions

Zijin Gold to Acquire Allied Gold in C$5.5 Billion All-Cash Deal

January 26, 2026January 26, 2026 Constance

Zijin Gold Agrees to Buy Allied Gold for C$5.5 Billion in Friendly All-Cash Takeover TSX- and NYSE-listed Allied Gold has agreed to be acquired by Hong Kong–listed Zijin Gold in a friendly, all-cash transaction valued at approximately C$5.5 billion. Under the terms of a definitive arrangement agreement announced on Monday, Zijin Gold will acquire all of Allied Gold’s issued and outstanding shares for C$44 per share in cash. The offer represents a premium of about 27% to Allied Gold’s 30-day volume-weighted average share price on the Toronto Stock Exchange as… Read More Here

International Corporate News Mergers & Acquisitions

Rio Tinto-Glencore Merger Faces Regulatory Hurdles Amid Chinese Oversight

January 18, 2026January 18, 2026 Constance

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