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Category: Mergers & Acquisitions

Shuka Minerals Nears Full Ownership of Kabwe Zinc Mine Following Funding Boost 1 Mining in Zambia Corporate News Mergers & Acquisitions Zinc 

Shuka Minerals Nears Full Ownership of Kabwe Zinc Mine Following Funding Boost

Constance
Shuka Minerals Set to Complete Acquisition of Kabwe Zinc Mine as Final Funding Tranche Nears AIM- and AltX-listed Shuka Minerals is expected to shortly receive £815,000 from investment banking group Gathoni Muchai Investments under an expanded loan agreement entered into in June last year. The funding will enable Shuka to settle the remaining cash consideration for its acquisition of Leopard Exploration and Mining, a Zambian mining company that owns the Kabwe zinc mine. Shuka began the acquisition process in November last year by settling an initial tranche of the purchase… Read More Here
Glencore to Acquire Majority Stake in Dutch Fuel Supplier FincoEnergies 2 International Corporate News Mergers & Acquisitions Oil & Gas 

Glencore to Acquire Majority Stake in Dutch Fuel Supplier FincoEnergies

Constance
Glencore Expands Northwest Europe Fuel Footprint with Majority Acquisition of FincoEnergies Global commodities trader and mining group Glencore has agreed to acquire a majority stake in Dutch fuel supplier FincoEnergies for an undisclosed amount, the company announced on Monday. The transaction will strengthen Glencore’s presence in Northwest European fuel markets, where FincoEnergies is a leading player in wholesale fuel distribution as well as biofuels and other low-carbon fuel segments, according to industry sources. Large trading houses such as Glencore have increasingly pursued strategic assets across the oil and fuel supply… Read More Here
Glencore Expands Peru Copper Portfolio With Quechua Project Acquisition 3 Corporate News Copper International Mergers & Acquisitions 

Glencore Expands Peru Copper Portfolio With Quechua Project Acquisition

Constance
Glencore Acquires Quechua Copper Project in Peru as Copper Deals Surge Amid Supply Concerns Glencore Plc has acquired a Peruvian copper mining project in what marks the country’s third major copper transaction in less than two weeks, as mining companies move aggressively to increase exposure to a metal widely expected to face long-term supply constraints. The Swiss-based commodities group announced on Tuesday that it is purchasing the Quechua copper project in Peru’s Cusco region from Japan’s Pan Pacific Copper Co. for an undisclosed amount. According to the Peruvian government, the… Read More Here
Shuka Minerals Moves Closer to Full Acquisition of Zambia’s Kabwe Zinc Mine 4 Mining in Zambia Corporate News Mergers & Acquisitions Zinc 

Shuka Minerals Moves Closer to Full Acquisition of Zambia’s Kabwe Zinc Mine

Constance
Shuka Minerals to Receive Remaining Funds for Kabwe Zinc Mine and LEM Acquisition in December Aim- and AltX-listed Shuka Minerals has confirmed that it expects to receive the remaining funds needed to finalize its acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in central Zambia this month—slightly later than originally planned. In a December 1 update, the company said it had already completed the initial payment tranche, securing a 22.2% stake in LEM and the Kabwe project. However, subsequent payments from Gathoni Muchai Investments (GMI) are… Read More Here
Shuka Minerals Receives $300,000 Funding Tranche for Zambia Mine Acquisition 5 Mining in Zambia Corporate News Mergers & Acquisitions News in Brief 

Shuka Minerals Receives $300,000 Funding Tranche for Zambia Mine Acquisition

Constance
Shuka Minerals Secures Initial $300,000 from GMI to Advance Zambia Zinc Mine and Leopard Exploration Deal Shuka Minerals, an AIM-listed mining company, has received an initial $300,000 funding tranche from its financing partner Gathoni Muchai Investments (GMI) as part of an expanded loan facility to support its planned acquisition of Leopard Exploration and Mining and the Kabwe Zinc Mine in Zambia. The payment marks a key step toward completing the acquisition, which had been delayed due to funding holdups from GMI. Under the revised financing arrangement, GMI has confirmed that… Read More Here
Shuka Minerals Delays Zambia Mine Acquisition After GMI Funding Fails to Arrive 6 Mining in Zambia Corporate News Mergers & Acquisitions 

Shuka Minerals Delays Zambia Mine Acquisition After GMI Funding Fails to Arrive

Constance
Shuka Minerals Faces Further Delay in Zambia Acquisition as Financing Partner Misses Payment Deadline Aim- and AltX-listed Shuka Minerals has announced another delay in completing its planned acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in Zambia, citing late payment from its financing partner, Gathoni Muchai Investments (GMI). In a statement issued on November 3, Shuka said that despite written confirmation from GMI, the $1.35 million balance of the cash consideration due to the LEM vendors had not yet been received. GMI had initially advised that… Read More Here
Angola Rules Out State Funding for Endiama’s De Beers Stake Purchase 7 International Corporate News Diamond Mergers & Acquisitions 

Angola Rules Out State Funding for Endiama’s De Beers Stake Purchase

Constance
Angola Rules Out Using National Budget to Fund Endiama’s Bid for De Beers Stake Angola will not use public funds to finance state-owned diamond company Endiama’s proposed acquisition of a stake in De Beers, Finance Minister Vera Daves de Sousa confirmed on Friday. Endiama has reportedly submitted a bid for a majority stake in De Beers, the diamond unit of Anglo American, according to a source familiar with the matter who spoke to Reuters on October 24. Initially, Angola had expressed interest in acquiring only a minority stake in De… Read More Here
Chengtun Mining Acquires Loncor Gold for C$261M, Secures Strategic Adumbi Gold Deposit in DRC 8 Mining in DRC Corporate News Mergers & Acquisitions 

Chengtun Mining Acquires Loncor Gold for C$261M, Secures Strategic Adumbi Gold Deposit in DRC

Constance
Chengtun Mining Expands into Gold with Acquisition of Loncor Gold and Adumbi Deposit Chengtun Mining, a Chinese mining group, has agreed to acquire Canadian gold exploration company Loncor Gold in an all-cash deal valued at C$261 million (approximately $186 million), gaining control of the Adumbi gold deposit in the Democratic Republic of Congo (DRC). The definitive arrangement agreement, announced on October 14, 2025, sets the purchase price at C$1.38 per Loncor share, representing a 33% premium over Loncor’s 30-day volume-weighted average price and a 16% premium to its TSX closing… Read More Here
Austral Resources Secures Glencore Funding and Offtake Deal to Finalize Rocklands Copper Acquisition 9 International Copper Corporate News Mergers & Acquisitions 

Austral Resources Secures Glencore Funding and Offtake Deal to Finalize Rocklands Copper Acquisition

Constance
Austral Resources and Glencore Ink $15m Deal to Advance Rocklands Copper Project in Queensland ASX-listed Austral Resources Australia has signed binding agreements with Glencore, securing funding, offtake, and tolling arrangements that pave the way for its acquisition of the Rocklands copper project in Queensland. The deal package includes a $15 million loan facility, a copper concentrate offtake agreement, and a tolling agreement to maximize the use of Rocklands’ processing plant. Together, these agreements enable Austral to meet the final conditions required for its purchase of Copper Resources Australia (CRA), the… Read More Here
Harmony Gold Expands Internationally with $1.08 Billion Acquisition of MAC Copper 10 International Corporate News Mergers & Acquisitions 

Harmony Gold Expands Internationally with $1.08 Billion Acquisition of MAC Copper

Constance
Harmony Gold Acquires Australia’s MAC Copper Mine for $1.08 Billion to Boost Global Copper Portfolio South Africa’s Harmony Gold has taken a major step in its international expansion strategy with the proposed $1.08 billion (R19 billion) acquisition of Australia’s MAC Copper. The transaction, first announced in May 2025, moved closer to completion after MAC Copper shareholders overwhelmingly approved the deal. Headquartered in Randfontein, Harmony Gold is South Africa’s largest gold producer by volume, operating a mix of underground and open-pit mines in the Free State and Gauteng provinces, alongside surface… Read More Here

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