Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Aecon Group Inc. (TSX: ARE) announced today the closing of the definitive asset purchase agreement to sell substantially all of the assets related to Aecon’s contract mining business to North American Construction Group Inc. (“NACG”) (TSX: NOA/NYSE: NOA) for C$199.1 million in cash, subject to customary closing adjustments.
The closing is effective November 23, 2018.
