Mergers & Acquisitions - Copperbelt Katanga Mining

China's CNR snatches up Williams Minerals Mine in Zimbabwe for US$1.75 billion 1

China Natural Resources (CNR) has acquired the Williams Minerals lithium mine in Zimbabwe for US$1.75 billion from Feishang Group and Top Pacific (China). The rising demand for lithium, a safe and reliable resource in a global market where the appetite for renewable energy continues to grow, has motivated CNR to make this strategic move. This acquisition will enable CNR to indirectly acquire all interests in Williams Minerals in the second quarter of this fiscal year, subject to the issuance of independent technical reports and the company’s full settlement of cash… Read More Here

Copper Mergers & Acquisitions Mining in Zambia

Zambian Copper Mine Assets Entice Sibanye CEO Neal Froneman

February 6, 2023February 6, 2023 Constance

Sibanye Stillwater CEO Neal Froneman is interested in acquiring Mopani Copper Mines in Zambia as he pushes to secure metals key to the green-energy transition. The asset would give Johannesburg-based Sibanye a springboard into Africa’s second-largest copper producer, after the company pulled out of a Brazilian deal a year ago. Sibanye is among the investors involved in a sales process organized by Rothschild & Co. South Africa on behalf of state-owned ZCCM Investments Holdings. “We like copper. Mopani is obviously of interest to us and Zambia is in our backyard… Read More Here

International Mergers & Acquisitions

Sandvik Completes Acquisition of Polymathian

February 6, 2023February 6, 2023 Constance

Sandvik announced on Wednesday 1st February that the company has completed the previously announced acquisition of Polymathian Industrial Mathematics (“Polymathian”) The Australian-based provider will form part of Sandvik Mining and Rock Solutions’, Business Unit Deswik. Polymathian’s solutions for automated decision-making and optimization complements Deswik’s suite of mine planning software and consulting services whilst remaining OEM agnostic. Deswik, a leading mine planning software company, was previously acquired by Sandvik in April 2022. “We are very excited to welcome Polymathian to the Deswik family,” said Matt Chilcott, CEO of Deswik. “Our employees… Read More Here