Mergers & Acquisitions - Copperbelt Katanga Mining

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

Battery Metals International Mergers & Acquisitions

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

March 5, 2023March 5, 2023 Constance

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