MMG Acquires Cuprous Capital: $1.8B

Global mining firm MMG Limited acquired Canadian mining company Cuprous Capital - the parent firm of the Khoemacau Copper/Silver Mine in Botswana -, for $1.8 billion in November 2023. Located in the Kalahari Copper Belt, the Khoemacau mine is one of Botswana's largest copper projects, with an annual production of 60,000 metric tons of copper and 1.6 million ounces of silver. The project holds 6.4 million tons of contained copper and 263 million ounces of contained silver. Planned expansions at the mines aim to increase production capacity to over 130,000 tons of copper and five million ounces of silver annually.

International Resources Holding Acquires Mopani Copper Mine: $1.1B

Global mining firm International Resources Holding (IRH) closed a $1.1 billion deal with the Zambian government in March 2024 to acquire a 51% stake in the Mopani Copper Mine. IRH will invest $300 million in the mine, aiming to increase production to 200,000 metric tons annually within the next three years. The Mopani mine saw the installation of three new deep shafts in 2021, extending the project's life span by 25 years. As one of Zambia's largest and oldest copper production facilities, the project supports the country's goal of increasing copper production from 700,000 to three million metric tons over the next decade.

Ganfeng Lithium Acquires Stake in Mali Lithium: $342M

Chinese lithium producer Ganfeng Lithium acquired a 40% stake in the Mali Lithium project from Australian mining company Leo Lithium as part of a $342.7 million deal in May 2024. The deal allows Ganfeng Lithium to buy the entire output from phase one of the 506,000 tons per annum project. Ganfeng Lithium will also hold 70% offtake rights in the project's second phase, which is expected to have an annual capacity of 500,000 tons.

NSPO Acquires Trio of Steel Companies: $324M

Egyptian manufacturing company National Service Projects Organization (NSPO) acquired stakes in three steel and iron manufacturing firms - Egyptian American Steel Rolling Co, Egyptian Sponge Iron & Steel Co, and International Steel Rolling Mills - from steel producer Beshay Steel Group in September 2023. The acquisition provides NSPO with a 24% stake in each company. The three companies have a combined annual steel production capacity of 3.9 million tons. The acquisition is part of NSPO's strategy to diversify government revenue streams through asset acquisition across various sectors, including stakes in energy retailer Taqa Arabia and steel manufacturers Suez Steel and Egyptian Steel.

Lilium Mining Acquires Mining Stakes in Burkina Faso: $300M

Lilium Mining acquired a 90% stake in the Boungou and Wahgnion Mines in Burkina Faso from mining company Endeavour Mining in a $300 million deal in June 2023. The Boungou Mine, located 323 km east-southeast of Ouagadougou, holds over 8.9 million tons of proven and probable gold reserves while the Wahgnion mine has over 14 million tons of proven and probable reserves. The two mines rank among the top ten largest gold-producing projects in Burkina Faso, which reprsents the world’s fourteenth-largest gold producer.