Murray & Roberts has concluded an agreement whereby Cementation Americas has acquired 100% of TNT for a total consideration of US$38 million.
Terra Nova Technologies (TNT) provides services to the global mining industry and design, supply and commission overland conveyors, crushing/conveying systems, mobile stacking systems, including dry stack tailings and heap leach systems, crushing and screening plants and in-pit crushing and conveying systems.
TNT also provides process equipment for mining projects.
It has a diverse international footprint and has delivered 75 projects in more than 15 countries.
The acquisition of TNT complements the engineering and construction services of Cementation Americas (CemA) and the Murray & Roberts Underground Mining platform.
Given the global reach and client network of the Murray & Roberts Underground Mining platform and the number of projects in execution at any time, the potential to grow the TNT business is significant.
TNT’s presence in South America is expected to aid Murray & Roberts’ expansion into this continent.
TNT is a successful business which has reported good financial results since its inception.
The high margin/low capital investment nature of TNT’s business will enhance the Murray & Roberts Underground Mining platform’s financial results.