SURFACE

Aecon completes sale of contract mining business

Aecon Group has announced the closing of the definitive asset purchase agreement with NACG

Staff reporter

This article is 7 years old. Images might not display.

The agreement is to sell substantially all of the assets related to Aecon's contract mining business to North American Construction Group.

The sale is worth C$199.1 million (US$155.1 million) in cash, subject to customary closing adjustments. The closing is effective from November 23.

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

editions

Automation and Digitalisation Insights 2025

Discover how mining companies and investors are adopting, deploying and evaluating new technologies.

editions

Mining IQ Exploration Insights 2025

Gain exclusive insights into the world of exploration in a comprehensive review of the top trending technologies, intercepts, discoveries and more.

editions

Future Fleets Insights 2025

Mining IQ Future Fleets Insights 2025 looks at how companies are using alternative energy sources to cut greenhouse gas emmissions

editions

Automation and Digitalisation Insights 2024

Exclusive research for Mining IQ Automation and Digitalisation Insights 2024 shows mining companies are embracing cutting-edge tech