Anglo American has entered into an agreement with CHL and Centhold International (CIL) to acquire their 40% interest in DB Investments and De Beers for a total cash consideration of $5.1bn.
Under the proposed transaction, Anglo American will acquire an incremental 30% interest in De Beers, taking its total interest to 75%, and the consideration payable by Anglo American to the CHL Group will be reduced proportionately.
Go deeper with GlobalData
Indonesian firm Bakrie & Brothers is planning to sell a 23.8% stake in coal producer Bumi to Borneo Lumbung Energi for $1bn to pay off its $1.35bn debt.
Under the transaction, Borne Lumbung will hold a stake in Bumi’s coking-coal mining unit Asmin Koalindo Tuhup.
Japanese firm Marubeni and China’s Winsway Coking Coal‘s joint venture Alberta Corporation (Bid Co) has entered into a definitive agreement to acquire all the shares of Canadian firm Grande Cache Coal (GCC).
Under the terms of the agreement, GCC shareholders will receive cash consideration of C$10 (US$10) per common share, resulting in total transaction value of about C$983m (US$986m).
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataGCC holds coal leases covering over 220km² in the Smoky River Coalfield in west-central Alberta, Canada, with estimated coal resources of 346Mt.
Singapore-based Hartawan Holdings is planning to acquire Indonesian gold mining firm Wilton Resources Holdings for a total value of S$300m (US$235m).
Hartawan Holdings is planning to issue 1.5 billion new shares at S$0.20 (US$0.15) each in exchange for Wilton Resources Holdings.
The Pallas Green project is located in Limerick County, Ireland, and consists of ten contiguous prospecting licences totalling 294km2.
