Rio Tinto is now 100% owner of the Diavik diamond operation in Canada’s Northwest Territories after acquiring the remaining 40% it did not already own from Dominion Diamond Mines.
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Allegiance takes over Drummond’s Short Creek
Australian miner Allegiance Coal, which is growing its operational presence in the United States, said in late October it plans to acquire Drummond Coal’s Short Creek underground mine outside of Birmingham, Ala. The $4.4 million cash transaction for the Tier 1 hard coking asset also includes $11.5 million to replace the mine’s state reclamation bond. Allegiance noted the acquisition will…
Read MoreNewcrest to acquire Pretium
High-grade gold mine Brucejack in British Columbia, Canada, will soon be under the asset portfolio of Newcrest Mining, as the Australian miner has inked an agreement to acquire the remaining interest it does not already own in Canadian miner Pretium Resources.
Read MoreAllegiance to take over Drummond’s Short Creek
Australian miner Allegiance Coal, which is growing its operational presence in the United States, has confirmed it will acquire Drummond Coal’s Short Creek underground mine outside of Birmingham, Ala.
Read MoreRitchie Bros. to acquire Euro Auctions
In a bid to expand its presence in the EMEA region, Canadian asset manager and heavy equipment auctioneer Ritchie Bros. is set to acquire Euro Auctions in a deal with an enterprise value of about US$1.08 billion.
Read MoreAllegiance Coal acquiring Black Warrior Minerals
Australian miner Allegiance Coal has confirmed it is acquiring privately held U.S. producer Black Warrior Minerals (BWM), owner of the BWM mine in Alabama, after raising the capital to cover the purchase price and associated costs.
Read MoreFLSmidth to acquire thyssenkrupp mining business
FLSmidth has come to an agreement with thyssenkrupp to acquire the latter’s mining technologies business in a EUR325 million deal.
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