M&A Deal Summary

Mali Lithium Acquires Morila

On August 31, 2020, Mali Lithium acquired metals/mining company Morila from Barrick and AngloGold Ashanti for 22M USD

Acquisition Highlights
  • This is Mali Lithium’s 1st transaction in the Metals/Mining sector.
  • This is Mali Lithium’s largest (disclosed) transaction.
  • This is Mali Lithium’s 1st transaction in Mali.

M&A Deal Summary
Date 2020-08-31
Target Morila
Sector Metals/Mining
Buyer(s) Mali Lithium
Sellers(s) Barrick
AngloGold Ashanti
Deal Type Divestiture
Deal Value 22M USD

Target

Morila

Mali
Morila is a gold mine based in Mali. 20% of the Morila gold mine is holds by the state of Mali.

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Buyer(S) 1

Buyer

Mali Lithium

Subiaco, Australia
Category Company
Sector Metals/Mining
DESCRIPTION

Mali Lithium Ltd. is a gold producer. The company focused on the development of the Goulamina Lithium Project in Mali. Mali Lithium is based in Subiaco, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Mali) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Barrick

Toronto, Ontario, Canada
Category Company
Founded 1983
Sector Metals/Mining
Revenue 11.4B USD (2023)
DESCRIPTION

Barrick operates mines and advanced exploration and development projects on five continents, and holds large land positions on some of the most prolific and prospective mineral trends. Barrick was incorporated in 1983 and is headquartered in Toronto, Ontario.

DEAL STATS #
Overall 8 of 9
Sector (Metals/Mining) 7 of 8
Type (Divestiture) 8 of 8
Country (Mali) 1 of 1
Year (2020) 3 of 3
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-06 Eskay Creek Gold-Silver Project

British Columbia, Canada

Eskay Creek Gold-Silver Project is a rich gold and silver mining area in the Unuk and Iskut River region on north coastal mountains of British Columbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-02 Barrick Gold - Royalty Portfolio

United States

Barrick Gold's Royalty Portfolio consists of 22 royalties on the production of minerals from mines located in North America, South America, Australia, and Africa.

Sell $60M
SELLER

AngloGold Ashanti

Johannesburg, South Africa
Category Company
Founded 1944
Sector Metals/Mining
Employees12,227
Revenue 4.6B USD (2023)
DESCRIPTION

AngloGold Ashanti is a gold mining company.Company engages in production of silver, uranium oxide, and sulphuric acid as by-products. AngloGold Ashanti was founded in 1944 and is based in Johannesburg, South Africa.

DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 2 of 2
Country (Mali) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Cripple Creek & Victor Gold Mining Co

Victor, Colorado, United States

Cripple Creek & Victor Gold Mining Co, Inc. is a surface mine that provides ore to a crusher and a leach facility.

Sell $820M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Corvus

Vancouver, British Columbia, Canada

Corvus Gold is a North American gold exploration and development company, focused on its near term gold-silver mining project at the North Bullfrog and Mother Lode Districts in Nevada. Corvus is committed to building shareholder value through new discoveries and the expansion of its projects to maximize share price leverage in an advancing gold and silver market. Corvus was founded in 2010 and is based in Vancouver, British Columbia.

Buy -
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