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.
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).
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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.