Mergers & Acquisitions - Copperbelt Katanga Mining

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

Mining in Zambia Copper Mergers & Acquisitions New Mining Projects

Abu Dhabi’s IRH Selected as Strategic Partner to Revitalize Mopani Mine

December 1, 2023December 4, 2023 Constance

International Resources Holding RSC Limited (IRH), an affiliate of Abu Dhabi’s conglomerate International Holding Company PJSC (IHC), the UAE’s most valuable listed company and the GCC region’s second most valuable, has been chosen as the preferred strategic equity partner (SEP). IRH has set a strategy to invest in crucial minerals and establish a new entity covering the entire metals and mining supply chain. The proposed investment in Mopani Copper Mines (MCM) stands as IRH’s most substantial single investment so far. It signifies a pivotal move in their strategy to emerge… Read More Here

Copper International Mergers & Acquisitions

MMG Limited Expands its Portfolio with Acquisition of Khoemacau Copper Mine in Botswana

November 22, 2023November 22, 2023 Constance

MMG Limited (HK.1208) has unveiled a pivotal move in the mining industry by finalizing a Share Purchase Agreement (SPA) to acquire the parent company of the esteemed Khoemacau Copper Mine in Botswana. This strategic acquisition comes with an effective Enterprise Value of US$ 1,875 million and marks a significant milestone in MMG’s pursuit of establishing a robust portfolio comprising top-tier mines catering to the needs of a decarbonized world. Khoemacau stands out as one of the premier new copper mines on a global scale, renowned for its exceptional quality. The… Read More Here