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Deals this week: Anvil Mining, Joy Global and more….

17 February 2012

Copper producer Anvil Mining has won approval from its stakeholders in Democratic Republic of Congo to be taken over by China-based Minmetals Resources in a $1.3bn deal.

Minmetals will purchase all of the outstanding common shares of Anvil on a fully-diluted basis at a purchase price of C$8.00 per share in cash.

Joy Global subsidiary, Joy Global Asia completed the tender offer to acquire the shares of Chinese underground mining equipment manufacturer International Mining Machinery Holdings.

Joy Global will pay aggregate consideration of approximately $426.8m for such shares and options.

Pump manufacturer Weir Group made an £200m offer for an Australian mining equipment maker Ludowic.

The deal is subject to the satisfactory completion of due diligence and may or may not lead to an offer.

Daton Group Australia's subsidiary, U & D Mining Industry now holds an 80% interest in coal exploration permit EPC 818 and all of the shares in Resource Portfolio Partners.

The company paid the $25.25m to acquire Resource Portfolio Partners which holds a 20% interest in the permit.

AndeanGold has received approval to acquire 100% interest in Gitennes Exploration's Urumalqui Ag-Au Project in Peru for an undisclosed sum.

The company is completing its legal due diligence to finalise and sign the share sale and mining agreement.

Also this week, Eagle Star Minerals Corp announced the acquisition of a 100% interest in the Samba phosphate project strategically located near the cities of Valenca and Sao Jose do Peixe in Brazil.

The project consists of 60 mineral claims covering 109,285 hectares (270,049 acres) situated within the central western portion of Piaui state.