M&R pursuing open-pit services acquisition as it seeks ‘step-change’ growth in mining

Engineering and construction group Murray & Roberts (M&R) is considering acquisition targets in the open-pit mining services sector, where it is aiming to expand the presence of its mining platform, which has hitherto had an underground mining focus. CEO Henry Laas says that, although the JSE-listed group is already pursuing organic growth in the open-pit environment, the “step-change future growth” it is striving for across its mining platform is unlikely to materialise without acquisitions.