Mergers & Acquisitions - Copperbelt Katanga Mining

Shuka Minerals Secures £2M Loan to Finalize Kabwe Zinc Mine Acquisition and Launch Exploration 1

Shuka Minerals Secures £2M Funding to Complete Kabwe Zinc Mine Acquisition and Advance Exploration in Zambia Aim- and AltX-listed Shuka Minerals has entered into an agreement with its second-largest shareholder, Gathoni Muchai Investments (GMI), to increase its loan facility by £1.5 million. This follows an initial £500,000 Tranche 1 loan extended in December 2024, bringing GMI’s total funding commitment to Shuka to £2 million. The additional funding comes as Shuka advances toward completing its acquisition of Leopard Exploration and Mining (LEM), a Zambian mining company that owns the Kabwe zinc… Read More Here

Mergers & Acquisitions Copper International New Mining Projects

Oscillate Secures Exclusive Agreement to Acquire High-Potential Copper-Silver Licences in Botswana

July 13, 2025July 13, 2025 Constance

Oscillate to Acquire 17 Copper-Silver Licences in Botswana’s Kalahari Copper Belt Under Deal With Kalahari Copper Copper and base metals developer Oscillate has signed a nonbinding heads of terms agreement with Kalahari Copper to acquire a subsidiary that holds a portfolio of copper and silver exploration licences in Botswana. The proposed acquisition involves 17 tenements, known as the Dalsu prospects, located within the highly prospective Kalahari Copper Belt and the Bushman Lineament—regions recognized for their potential in hosting sedimentary copper deposits. The transaction, which will be executed via a share… Read More Here

International Corporate News Mergers & Acquisitions

CMOC Group Acquires Lumina Gold for C$581 Million to Advance Cangrejos Gold Project

April 25, 2025April 25, 2025 Constance

Chinese mining company CMOC Group has agreed to acquire Canada’s Lumina Gold in an all-cash deal worth C$581 million, marking a significant step for the Cangrejos gold project in Ecuador. Lumina CEO Marshall Koval expressed excitement about the transition of the Cangrejos project, saying, “After more than a decade of advancing the Cangrejos project, we are thrilled to see it move to CMOC, which is poised to further develop it into one of the largest gold projects globally.” CMOC will pay C$1.27 per Lumina share, offering a 71% premium to… Read More Here

Mining in Zambia Mergers & Acquisitions New Mining Projects Zinc

Shuka Minerals Nears Completion of Kabwe Zinc Mine Acquisition in Zambia

March 14, 2025March 14, 2025 Constance

AIM-listed Shuka Minerals has secured nearly all regulatory approvals for its acquisition of Leopard Exploration and Mining, which includes Zambia’s Kabwe zinc mine. Only one approval remains outstanding from Zambia’s Competition and Consumer Protection Commission, which Shuka expects to receive in the second quarter. In December, the company signed a conditional share purchase agreement to acquire 100% of Leopard’s share capital through a cash-and-share transaction. The acquisition was initially set to close by March 13, pending regulatory approvals and the successful completion of a debt or equity capital raise. However,… Read More Here

Mergers & Acquisitions International Nickel

Anglo American Sells Nickel Business to MMG for Up to $500 Million

February 26, 2025February 26, 2025 Constance

Anglo American has agreed to sell its nickel business to mid-tier miner MMG for up to $500 million, the companies announced last week. The deal, which includes two ferronickel operations and two greenfield projects in Brazil, aligns with Anglo American’s strategy to streamline its portfolio and focus on copper, premium iron ore, and crop nutrients. Anglo American CEO Duncan Wanblad stated that the agreement followed a “highly competitive process” and represented a strong outcome for shareholders, employees, and Brazilian stakeholders. The nickel assets involved in the transaction include the Barro… Read More Here

International Mergers & Acquisitions News in Brief

Fortescue Secures 90% Stake in Red Hawk Mining, Moves to Full Acquisition

February 23, 2025February 23, 2025 Constance

ASX-listed Fortescue has acquired a 90.09% stake in Red Hawk Mining through its wholly owned subsidiary, FMG Pilbara, triggering a compulsory acquisition process for the remaining shares. In a market notice issued on Tuesday, Fortescue confirmed that it had initiated compulsory acquisition proceedings for the remaining Red Hawk shares. As a result, the ASX will suspend Red Hawk’s shares on February 25, with delisting to follow at a later date. Red Hawk shareholders who have not yet accepted Fortescue’s A$1.20-per-share offer still have time to do so before the offer… Read More Here

Mining in Zambia Corporate News Mergers & Acquisitions New Mining Projects Zinc

Shuka Minerals Advances Kabwe Zinc Mine Acquisition and Redevelopment

February 17, 2025February 17, 2025 Constance

AIM-listed Shuka Minerals is making significant progress toward acquiring and redeveloping the Kabwe zinc mine in Zambia, with a newly appointed board overseeing the process. In a corporate and operational update on February 14, CEO Richard Lloyd reaffirmed the company’s commitment to unlocking Kabwe’s full potential. He noted strong support from potential funders, with various financing options under consideration. However, he emphasized the need for well-structured budgeting and timelines to ensure the project’s success. Shuka’s planned acquisition of Zambian mining and exploration company Leopard Exploration and Mining (LEM) follows a… Read More Here

International Corporate News Mergers & Acquisitions

Glencore Explores Strategic M&A Opportunities Amid Industry Challenges

January 22, 2025January 22, 2025 Constance

LONDON – Mining and commodity trading giant Glencore has reaffirmed its openness to mergers and acquisitions (M&A) that enhance shareholder value, leveraging its position as one of the world’s top three copper producers. “As we have always said, M&A is something we are good at, and we are always open to transactions that are value-accretive for the company,” a Glencore spokesperson stated. In 2024, potential M&A activity dominated investor discussions within the mining sector. However, the challenges of integrating diversified producers were highlighted when BHP’s $49-billion bid for Anglo American… Read More Here

International Copper Mergers & Acquisitions Mining Personality

BHP CEO Mike Henry Foresees $250 Billion Copper Investment to Drive Industry Mergers

November 21, 2024November 21, 2024 Constance

Soaring demand for copper will require an estimated $250 billion of investment over the next decade, fueling further mergers in the industry, according to BHP Group Ltd. CEO Mike Henry. In a Bloomberg Television interview, Henry highlighted the increasing challenges in finding and developing new deposits of critical minerals, which are becoming more costly and technically complex to manage. “This suggests a trend toward consolidation, with companies that have scale, strong balance sheets, and deep technical expertise, like BHP, being well-positioned to lead in the decades ahead,” Henry stated. Copper… Read More Here

Mining in Zambia Copper Corporate News Mergers & Acquisitions

Mitsui & Co. Leads Bidding for First Quantum’s Zambian Copper Mines

November 21, 2024November 21, 2024 Constance

Japanese trading giant Mitsui & Co. has emerged as the top bidder for a stake in First Quantum Minerals Ltd.’s Zambian copper mines, outpacing a rival offer from Saudi Arabia’s state-backed Manara Minerals Investment Co., according to sources familiar with the matter. Mitsui’s bid is reportedly higher than Manara’s and involves acquiring roughly a 20% interest in First Quantum’s Sentinel and Kansanshi mines for approximately $2 billion. Negotiations between Mitsui and First Quantum are underway, though no final agreement has been reached, and other outcomes, including selling the stake to… Read More Here