Deals this week: Petra Diamonds, Anglo Coal, Zijin Mining and more...


Petra Diamonds has received approval from the South African Government to acquire the Finsch diamond mine from De Beers for a total value of $210m.

Anglo Coal Canada has entered into an agreement with NEMI Northern Energy and Mining to acquire 12.18% interest in Peace River Coal for C$73m (US$74m).

Peace River Coal is a joint venture between Hillsborough Resources, which holds a 12.99% interest, and NEMI and Anglo Coal.

Zijin Mining Group is planning to acquire a 60% stake in Kyrgyzstan-based Altynken for total value of $66m.

Altynken holds mining and production licences for the Taldy-Bulak Levoberejny field gold mine in Kyrgyzstan.

Greenland Minerals and Energy has made an agreement with Westrip Holdings and Rimbal, to acquire the 39% of the exploration licence - EL 2010/02 of the northern Ilimaussaq Complex in Greenland.

Greenland Minerals will pay A$39m (US$40m) in cash, and issue 7.825 million shares and 5 million options.

Glory Resources has entered into an agreement to acquire 100% of the Sappes gold project in north-east Greece from Cape Lambert Resources.

Glory Resources will pay $33.9m in cash, $4.1m in shares at $0.25 each and a further $10.4m in milestones, subject to final mining approvals and the first gold pour.

The Sappes gold project has measured and indicated resources of 830,000oz at 10g/t gold and ore reserves of 638,000oz at 15g/t.

Sodimico, based in Democratic Republic of Congo, has sold its share in two copper projects that were formerly run by First Quantum Minerals for $30m to an undisclosed purchaser.