Eurasia Natural Resources (ENRC) is planning to acquire two million common shares of Shubarkol Komir from Eurasian Industrial for an aggregate value of US$600m and assumed debt of about US$50m.
Shubarkol Komir is a thermal coal producer in Kazakhstan, with proved and probable JORC-compliant coal reserves of 326.2 million tons.
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With this acquisition, the coal production capacity of ENRC in Kazakhstan will exceed 25 million tons per year.
China Nickel Resources will acquire an 80% stake in Indonesian firm PT Yiwan Mining for total value of HK$2.067bn (US$266m), to secure supply of nickel-iron ores and mineral resources.
The Chinese firm will settle about HK$1.907bn (US$245m) of the acquisition costs by the issue of convertible notes.
Canada’s B2Gold has agreed to buy Auryx Gold for about C$160m (US$156m) in a cash and stock deal, in which Auryx shareholders will get 0.23 B2Gold shares and US$0.001 for every Auryx share they hold.
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By GlobalDataThe transaction will result in a new firm which will hold a 92% stake in the Otjikoto gold project and a 100% stake in two additional projects, all in Namibia.
Agnico-Eagle Mines has commenced its take-over bid to acquire all of the outstanding common shares of Grayd Resource.
Grayd shareholders will be entitled to receive, for each Grayd share they own, either US$2.80 in cash or 0.04039 of an Agnico-Eagle share and US$0.05 in cash, in each case subject to proration.
The maximum amount of cash payable by Agnico-Eagle under the offer will be equal to about US$92m.
Adaro Energy subsidiary Alam Tri Abadi has signed signed a deed of transfer shares to acquire a 35% interest in PT Servo Meda Sejahtera for IDR200bn (US$22.5m) from PT Servo Infrastructure.
Integrated coal logistic services provider PT Servo Meda Sejahtera provides coal hauling services and barge loading services.
