Intertek targets Americas minerals expansion


Staff reporter

Metallurgical services growth attractive to UK company

London-listed Intertek has bought a North American metallurgical testing services group with circa-US$10 million annual sales for an undisclosed price.

Ten-year-old Base Met Labs is said to employ more than 40 people at its laboratories in Kamloops, British Columbia, and Tucson, Arizona.

Intertek said BML expanded its Americas footprint and access to “the largest and growing market for mining activity globally, across Canada, the United States and Central and South America”.

With a testing focus on gold and copper, BML is seen by Intertek to have “significant growth potential in battery and energy metals”.

“There is no doubt that, with a growing population and the rise in demand for raw materials, the requirement for leading ATIC [assurance, testing, inspection and certification] solutions at every stage of the minerals and mining supply chain globally is increasing rapidly,” Intertek CEO Andre Lacroix said.

“The acquisition of Base Met Labs is highly complementary to our ATIC service offering, establishes a minerals testing footprint for Intertek on the American continent and creates attractive growth opportunities with existing and new clients.”

London-listed Intertek has a current market value around ₤7.5 billion, or US$9.5 billion.

 

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