XTC 2021 Cleantech Category Winner Mining and Process Solutions announces $150 million partnership and acquisition
This month, Draslovka, a Czech Republic-based family-owned global leader in CN-based specialty chemicals including next generation fumigants and biocides, announced it has entered into a strategic partnership with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), to support Draslovka on its next stage of growth.
It also announced the completion of the acquisition of XTC 2021 Cleantech Category Winner Mining & Process Solutions (“MPS”), a business that owns the exclusive rights to the Glycine Leaching process, an environmentally benign hydrometallurgical process to leach base and precious metal oxide, mixed oxide and sulphide ores. Under the terms of the agreement , Oaktree will invest US$150m in Draslovka providing preferred equity capital to support the Company’s growth strategy.
Building on Draslovka’s market position as a leading global mining solutions provider to the gold and silver mining industries, the acquisition of MPS adds an environmentally sustainable solution for the extraction of a number of precious metals, as well as copper, nickel, and cobalt, to the Company’s offering. MPS holds an exclusive licensing agreement with Curtin University for the glycine leaching process, allowing ongoing support and access to the latest research being progressed.