S2 Resources has agreed to acquire a 19.99% stake in Todd River Resources (TRT) at an average price of $0.09 a share.

S2 will gain the right to appoint a nominee to the TRT Board following the acquisition, in addition to participating in future share issues in TRT.

S2 Resources is engaged in the exploration of mineral resources, while TRT is a metals and mining company. Both entities are based in Australia.

Zijin Mining Group has received the necessary approvals from the Chinese and Canadian regulatory authorities for the friendly takeover of Nevsun Resources.

Zijin will pay a cash consideration of C$6.00 ($4.5) per Nevsun share.

“Golden Investments (Australia) has offered to acquire 100% of Stanmore Coal via an off-market takeover for A$240m ($175.78m) in cash.”

Nevsun is a mid-tier base metals company based in Canada, while Zijin Mining Group is engaged in gold and copper mining.

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By GlobalData

Golden Investments (Australia) has offered to acquire 100% of Stanmore Coal via an off-market takeover for A$240m ($175.78m) in cash.

In a different transaction, Golden Investments reached an agreement with Greatgroup Investments to acquire 50.1 million fully paid ordinary shares in Stanmore Coal for A$47m ($34.3m). The acquisition represents 19.9% of the total issued share capital of Stanmore Coal.

Stanmore Coal is a coal mining company, while Golden Investments is a joint venture of Ascend Global Investment Fund and Golden Energy and Resources. Both the companies involved in the acquisition are based in Australia.

Sibanye-Stillwater has received a conditional approval from the South African Competition Tribunal for the proposed acquisition of Lonmin.

A six-month moratorium on retrenchments from the implementation date will also be imposed on the Lonmin operations, in addition to the conditions set by the tribunal.

Based in South Africa, Sibanye-Stillwater is engaged in gold production, while UK-based Lonmin is engaged in the production of platinum group metals.