On December 10, Finland-based Outotec Oyj, a global provider of process solutions, technologies and services for the mining and metallurgical industries, announced that it has acquired 19.9 percent of the outstanding shares in Australian public company Ausmelt, specialized in smelting technology, for a total of AU$34 million (approximately US$31 million).
In addition, in line with its general strategic growth, Outotec has also launched an off-market takeover bid to acquire all shares in Ausmelt Ltd. Ausmelt's principal activities are the development, design, engineering and supply of Top Submerged Lance (TSL) smelting technology for the production of metals and processing of industrial wastes.