Deals This Week: Vedanta, Severstal, Honeywell and More


Vedanta Resources has bought zinc assets of Anglo American for $1.3bn.

The deal will help Vedanta acquire the Namibian Skorpion Lisheen mine in Ireland and the Black Mountain mine in South Africa.

The deal will also raise Vedanta’s total reserves and resources by 76%.

Honeywell said it will acquire Matrikon for about $142m to gain applications that monitor mining equipment as well as supply chain solutions.

Russia's biggest steel maker Severstal said it will acquire 16.5% of African iron ore miner Core Mining to expand its raw material base.

Core Mining holds exploration licences for two major deposits in the Republic of Congo and Gabon.

Auriga Gold said it will acquire the past-producing Puffy Lake Gold Mine and adjacent properties from Pioneer Metals.

China Natural Resources has acquired Wealthy Year which holds five coal mines in Guizhou, China.

Meanwhile, Stellar has reached an agreement with Petra Diamonds to acquire Petra’s interest in the Kono kimberlite project, in diamond-rich Sierra Leone.

While Silver Opportunity Partners said it has concluded its acquisition of Sterling Mining Co, which controls the historic Sunshine Mine near Kellogg.

The Sunshine Mine produced more than 260 million ounces of silver over 125 years.