Mergers & Acquisitions - Copperbelt Katanga Mining

Mining in Zambia Copper Mergers & Acquisitions

Jubilee Metals Acquires Two Opencast Copper Mines in Zambia

June 25, 2024June 25, 2024 Constance

Johannesburg- and London-listed Jubilee Metals has acquired two opencast copper mining operations in Zambia. “The strategic acquisition of these two opencast operations demonstrates our ability to leverage our process capabilities to secure significant near-surface copper resources already in operation,” said Jubilee CEO Leon Coetzer. Jubilee Metals, chaired by former Mpumalanga Premier Mathews Phosa, continues to advance as a diversified metals producer. Jubilee, listed on AltX and Aim, specializes in the recovery of metal from previously overlooked resources, such as unprocessed historical waste rock, run-of-mine materials, and tailings in South Africa… Read More Here

International Mergers & Acquisitions Mining Equipment

Epiroc to acquire French manufacturer of excavator attachments

May 27, 2024May 27, 2024 Constance

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and construction industries, has agreed to acquire ACB+, a manufacturer of attachments and related couplers used by the construction industry. ACB+ is based in Saint Lager, France, and has several production facilities in the country. It manufactures attachments and quick couplers used on excavators for construction as well as related areas such as scrap recycling and deconstruction. Quick couplers are used with carriers, typically excavators, to enable safe and efficient change of attachments, such as buckets and hydraulic tools. … Read More Here

International Mergers & Acquisitions Mining Personality

Trafigura’s Head of Mergers and Acquisitions, Jesus Fernandez, to Retire

May 22, 2024May 22, 2024 Constance

Jesus Fernandez, the head of mergers and acquisitions at Trafigura Group, is set to retire, marking the latest senior departure from the commodity trading giant. Fernandez’s retirement follows nearly 20 years with the firm. Patrick Burke, another seasoned Trafigura dealmaker, will succeed him. Fernandez’s departure comes amid a period of significant turnover in the upper echelons of Trafigura, one of the world’s largest traders of oil, gas, and metals. Over the past 12 months, the company has experienced several senior exits and underwent a major reshuffle in September. Additionally, in… Read More Here

International Mergers & Acquisitions

Rio Tinto CEO Jakob Stausholm Emphasizes Prudent Approach to Mergers and Acquisitions

May 16, 2024May 16, 2024 Constance

Amidst ongoing discussions regarding mergers and acquisitions (M&A) in the mining sector, Rio Tinto CEO Jakob Stausholm has reiterated the company’s openness to such endeavors while emphasizing the importance of a cautious approach. Speaking at this week’s Bank of America global metals, mining, and steel conference in Miami, Stausholm made it clear that Rio Tinto is not averse to M&A activities. However, he emphasized that the company’s growth strategy is not solely reliant on such ventures. Stausholm highlighted the strength of Rio Tinto’s organic growth options and its improved project… Read More Here

International Copper Gold Mergers & Acquisitions

Barrick Gold CEO Advocates Exploration Over Mergers for Copper Supply

May 8, 2024May 8, 2024 Constance

Mark Bristow, CEO of Barrick Gold (NYSE: GOLD), expressed his belief that mergers and acquisitions (M&A) would not effectively expand the copper supply needed for the energy transition. While mining giant BHP (ASX: BHP) pursues a $39 billion deal for Anglo American (LON: AAL), Bristow emphasized to the Financial Times the importance of companies prioritizing investments in exploring and developing new copper deposits. He argued that BHP’s pursuit of Anglo underscores the necessity for industry investment in its future. Bristow cautioned against the misconception that consolidation automatically leads to increased… Read More Here

International Mergers & Acquisitions Mining Equipment

Epiroc Finalizes Acquisition of Top South African Rock Drilling Parts Manufacturer

May 4, 2024May 4, 2024 Constance

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and construction industries, has completed the acquisition of the business of Weco Proprietary Limited, a South African manufacturer of precision-engineered rock drilling parts and provider of related repairs and services. Weco is based near Johannesburg, South Africa. The company, which has more than four decades of industry experience, has about 80 employees and had revenues in the fiscal year ending May 31, 2023, of about MZAR 160 (MSEK 90). Weco’s customers are mainly underground mining companies in the… Read More Here

International Mergers & Acquisitions

Redpath Mining Inc. Expands Global Presence with Acquisition of RUC Mining Contractors Pty Ltd

March 29, 2024March 29, 2024 Constance

Redpath (Australia) Holdings Pty Ltd, a subsidiary of Redpath Mining Inc, has announced the signing of a share purchase agreement to acquire RUC Mining Contractors Pty Ltd (RUC), pending regulatory approvals. The completion of the acquisition, expected by June 2024, will integrate RUC into the Redpath Group, reinforcing its status as a leading global provider of mine development, shaft sinking, and raise drilling services. George Flumerfelt, CEO of The Redpath Group, expressed confidence in the acquisition, emphasizing RUC’s reputation for quality service and expertise. He anticipates that the combined capabilities… Read More Here

International Copper Mergers & Acquisitions

MMG Limited Completes Acquisition of Khoemacau Copper Mine in Botswana

March 25, 2024March 25, 2024 Constance

MMG Limited, a Hong Kong-listed base metals miner, has finalized the acquisition of the Khoemacau Copper Mine, a cutting-edge copper asset located in northwestern Botswana. The completion of the acquisition was announced today, March 22, 2024, marking a significant milestone for MMG Limited. The acquisition adds a high-quality growth project to MMG’s portfolio, signifying a transformative move for the company. As part of the acquisition, MMG paid an Aggregate Consideration of approximately US$1,734,657,000 (over P23 billion) to the sellers, with possible adjustments post-Completion. Additionally, MMG advanced approximately US$348,580,000 (over P4.5… Read More Here

International Mergers & Acquisitions

Sibanye-Stillwater Successfully Concludes Acquisition of Reldan Group

March 23, 2024March 23, 2024 Constance

Sibanye-Stillwater has completed the acquisition of the Reldan Group of Companies, finalizing the transaction with a cash purchase consideration of $155.9 million. The purchase agreement between Sibanye and Reldan was initiated in November 2023 and has now been successfully executed. Funding for the acquisition was sourced from the proceeds of a $500 million senior unsecured guaranteed convertible bond, which was completed in November 2023, carrying an annual coupon rate of 4.25%. The acquisition of Reldan marks a strategic move for Sibanye, enhancing its presence in the circular economy and complementing… Read More Here

Mining in Zambia Copper Mergers & Acquisitions

Sinomine Resource Group Makes Significant Investment in Zambian Copper Mine

March 17, 2024March 17, 2024 Constance

Shares of Sinomine Resource Group experienced a notable surge following the announcement of its plan to acquire a majority stake in a Zambian copper mine for USD 58.5 million. Sinomine closed 6.8 percent higher at CNY 40.79 (USD 5.67) on the Shenzhen stock exchange today. The acquisition will be conducted through Sinomine’s subsidiary, African Minerals, which will purchase a 65 percent stake in Junction Mining from Momentum Ventures and Chifupu Resources. Junction Mining’s primary asset is the Kitumba copper project in Zambia, boasting 27.9 million tons of proven… Read More Here