Mergers & Acquisitions - Copperbelt Katanga Mining

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

Mining in Zambia Mergers & Acquisitions Mining in DRC

Sinomine Resources Expands Global Reach with Strategic Acquisitions in Namibia and Zambia

July 18, 2024July 18, 2024 Constance

Founded in 1999, Sinomine Resources Group Co., Ltd. has rapidly expanded its operations across more than 40 countries and regions spanning Asia, Africa, Europe, America, and Oceania. With branches in key locations such as China, Canada, the United States, the United Kingdom, Norway, Zimbabwe, the Democratic Republic of the Congo (DRC), and Zambia, the company has established a robust international presence. In March 2024, Sinomine (Hong Kong) Rare Metals Resources Co., Ltd., a wholly-owned subsidiary, completed the acquisition of the Tsumeb smelter from Dundee Precious Metals Inc. This acquisition, valued… Read More Here

Mining in Zambia Copper Mergers & Acquisitions

JCHX Acquires 80% Stake in Lubambe Copper Mines from EMR Capital

July 11, 2024July 11, 2024 Constance

The Board of ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”) announced yesterday July 10th 2024, that EMR Capital has sold its 80% shareholding in Lubambe Copper Mines Limited (“Lubambe”) to JCHX Mining Management Company Limited (“JCHX”). This acquisition was executed through JCHX’s wholly owned overseas subsidiary, Sundimo Mining Investments Limited (“Sundimo”), which will now hold 80% of the issued share capital of Lubambe, including claims on shareholder loans, via a Share Sale and Purchase Agreement. As the principal funder, JCHX, through Sundimo, plans to invest approximately USD 300 million… Read More Here

International Equipment & Technology Mergers & Acquisitions Mining Equipment Press Release

Komatsu completes acquisition of GHH Group GmbH

July 3, 2024July 3, 2024 Constance

Komatsu has completed the acquisition of GHH Group GmbH (GHH), a manufacturer of underground mining, tunnelling and special civil engineering equipment headquartered in Gelsenkirchen, Germany. GHH’s wide range of equipment, focused on loaders (LHDs) and articulated dump trucks, will enhance Komatsu’s growing underground mining product offerings. This includes aftermarket parts and service support through the entire lifetime of the equipment. “The talented GHH staff are now part of Komatsu and our new combined team will work together to expand offerings and increase customer access to products in new territories,” said… Read More Here

Mining in Zambia Copper Mergers & Acquisitions

JCHX Mining Nears Acquisition of Zambia’s Lubambe Copper Mine

June 27, 2024June 27, 2024 Constance

JCHX Mining is in the final stages of acquiring an 80% stake in Zambia’s Lubambe copper mine from EMR Capital, sources informed Reuters. This move marks another significant acquisition by Chinese firms expanding their footprint in Africa’s copper mining sector. The Shanghai-listed mining services and contracting firm’s deal, nearing completion, had faced potential competition from Abu Dhabi’s International Resources Holding (IRH), which later withdrew its interest. This development has cleared the path for JCHX Mining to proceed with the transaction. Under the agreement, Zambia’s state firm ZCCM-IH will retain a… Read More Here

Mining in Zambia Copper Mergers & Acquisitions

IRH in Talks to Acquire Stake in Vedanta’s Zambian Copper Assets

June 27, 2024June 27, 2024 Constance

International Resources Holding (IRH), the mining investment arm of Abu Dhabi’s International Holding Company, is engaged in discussions to purchase a stake in Vedanta Resources’ Zambian copper assets, according to Chris Griffith, Vedanta’s chief executive for base metals. IRH, part of a conglomerate with assets totaling approximately $244 billion, is conducting due diligence on acquiring a stake in Konkola Copper Mines (KCM). This interest underscores IRH’s commitment to expanding its presence in copper mining, as indicated in previous statements to Reuters. Griffith confirmed that besides IRH, other investors have shown… Read More Here