Mergers & Acquisitions - Copperbelt Katanga Mining

Patriot Lithium Expands into Zambia with 80% Stake in Katwaro Copper Project

October 10, 2024October 10, 2024 Constance

Battery metals explorer, Patriot Lithium, has signed a binding option agreement to acquire an 80% stake in the Katwaro Copper Project, Zambia, from Array Metals and Natural Resources. This strategic move aims to diversify the company’s asset portfolio and expand its jurisdictional presence. The Katwaro Project, located near Mumbwa, spans 400 hectares and includes a historical open-pit mine with copper-bearing meta-sediments. Under the terms of the agreement, Patriot Lithium will pay Array Metals $25,000 (A$37,172) for an exclusive 12-month option period. If Patriot exercises the option, a special purpose vehicle… Read More Here

International Mergers & Acquisitions Uranium

Askari Metals Completes Full Acquisition of Eyasi Uranium Project in Tanzania

October 9, 2024October 9, 2024 Constance

Askari Metals has announced the full acquisition of the Eyasi Uranium Project in northern Tanzania through its subsidiary, Infinum Uranium. The project was identified as a highly prospective target for surface uranium deposits following an extensive review of geological and geophysical data. The Eyasi Uranium Project spans 292 km² and is located approximately 320 km northwest of Dodoma. The project’s geology is dominated by the Precambrian Eastern Granulite Complex and is associated with the East African Rift system. The region’s geological features suggest the presence of uraniferous fluvial channel systems,… Read More Here

International Equipment & Technology Mergers & Acquisitions

Sandvik to acquire Universal Field Robots

August 29, 2024August 29, 2024 Constance

Sandvik has signed an agreement to acquire Universal Field Robots (UFR), a fast-growing Australia-based provider of autonomous interoperable solutions for the surface mining and underground mining markets. UFR will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions. UFR’s solution portfolio is built on a common autonomy platform, which is a strong complement to Sandvik’s automation offering and includes OEM (Original Equipment Manufacturer) agnostic robotic and autonomous solutions for trucks, loaders and auxiliary equipment. The acquisition will help to increase the addressable market… Read More Here

Mining in Zambia Copper Mergers & Acquisitions

ZCCM-IH Acquires Additional 10% Shareholding in Lubambe Copper Mines Ltd

August 28, 2024August 28, 2024 Constance

28th August 2024, Lusaka, Zambia – ZCCM Investments Holdings PLC (ZCCM-IH) has secured a deal with Jinchengxin Mining Management Company Ltd (JCHX) to acquire an additional 10% stake in Lubambe Copper Mines Ltd (Lubambe) for $1. This transaction will raise ZCCM-IH’s ownership in Lubambe from 20% to 30%, while JCHX’s stake will decrease from 80% to 70%. The deal is expected to be completed within six months. With this increased shareholding, ZCCM-IH will gain marketing rights to copper ore concentrate output proportional to its ownership. This is a groundbreaking move… Read More Here

International Mergers & Acquisitions

Metso denies rumors of planned merger with Sandvik

August 20, 2024August 20, 2024 Constance

Finnish mining equipment maker Metso denied on Monday market rumours suggesting it was in talks with Sweden’s Sandvik to acquire the rival’s mining unit, potentially creating a regional Nordic giant. Swedish business daily Dagens Industri had reported over the weekend that Metso shareholders were mulling a merger of the company with Sandvik’s mining business. “Metso has no information related to the speculations and no related insider project exists,” Juha Rouhiainen, vice president of investor relations said in the statement. Speculation around a potential tie-up comes as Metso announced earlier this… Read More Here

International Gold Mergers & Acquisitions Uranium

Neo Energy Metals Expands Uranium and Gold Portfolio with Beisa Mine Acquisition

August 15, 2024August 15, 2024 Constance

Neo Uranium Resources Beisa Mine (NURB), a subsidiary of South Africa- and London-listed Neo Energy Metals (NEO), has signed a binding agreement to acquire the Beisa North and Beisa South uranium and gold projects in the Witwatersrand Basin, Gauteng, from Sunshine Mineral Reserve. The Beisa North and South projects contain resources of 90.24 million pounds of triuranium octoxide (U3O8) and 4.17 million ounces of gold. These projects are located immediately north and south of the former high-grade Beisa uranium mine and are adjacent to the existing multimillion-ounce gold mining operations… Read More Here

International Copper Mergers & Acquisitions

Ivanhoe Electric Completes Full Acquisition of Santa Cruz Copper Mineral Rights

August 15, 2024August 15, 2024 Constance

PHOENIX, ARIZONA – Ivanhoe Electric Inc. (“Ivanhoe Electric”, the “Company” or “IE”) (NYSE American: IE; TSX: IE) Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin have announced that the Company, through its wholly-owned subsidiary Mesa Cobre Holding Corporation (“Mesa Cobre”), completed the final US$10 million payment to exercise its option to acquire 100% ownership of the mineral rights at the Santa Cruz Copper Project in Arizona. Following this transaction, Ivanhoe Electric now owns 100% of the mineral and surface rights for the Santa Cruz Copper Project.… Read More Here

Gold International Mergers & Acquisitions

Jinteng Mining Challenges Canada’s National Security Review of Peru Gold Mine Acquisition

August 14, 2024August 14, 2024 Constance

Jinteng Mining, a subsidiary of China’s Zijin Mining Group, has filed for a judicial review against the Canadian government’s decision regarding its acquisition of a gold mine in Peru. The move comes after Jinteng purchased Pan American Silver’s gold asset in Peru for $245 million in May, with an option for an additional $50 million payment. The challenge is directed at Canadian Minister François-Philippe Champagne’s order for a national security review of the deal, as reported by the Canadian Press. The judicial review was filed in late July in the… Read More Here

Mergers & Acquisitions Copper International

BHP and Lundin Mining Partner to Expand Copper Portfolio with Joint Acquisition

July 31, 2024July 31, 2024 Constance

Diversified miner BHP, in collaboration with Lundin Mining, has announced a strategic move to enhance its copper portfolio by jointly acquiring an advanced-stage copper exploration project in South America. This partnership will see the creation of a joint venture (JV) to develop a burgeoning copper district in the Vicuna belt, spanning Argentina and Chile. Copper, a vital component in the energy transition, remains highly sought after by miners. BHP’s recent unsuccessful bid to acquire Anglo American underscored its strategic objective to increase its copper holdings. Under the new agreement, BHP… Read More Here

International Gemstones Mergers & Acquisitions

URA Holdings Acquires Majority Stake in Curlew Emerald Mine

July 27, 2024July 27, 2024 Constance

London-listed URA Holdings, owner and operator of the Gravelotte emerald mine in Limpopo, South Africa, has acquired a majority interest in Prasinus Exploration, the owner of the Curlew emerald mine in Western Australia’s Pilbara region. URA purchased a 65% interest in Prasinus for A$450,000 (approximately £237,000) and has the option to acquire the remaining 35% interest for an additional A$300,000 (about £158,000) in URA shares after a 12-month period, which expires on October 18, 2025. “We are thrilled to add a controlling interest in the Curlew mine to our portfolio.… Read More Here