Deals this week: Caterpillar, Shandong Gold, Hecla Mining and more…

15 December 2011 (Last Updated December 15th, 2011 18:30)

US-based heavy machinery maker Caterpillar will sell part of its Bucyrus distribution business for about $360m to the industrial division of Malaysia's Sime Darby.

US-based heavy machinery maker Caterpillar will sell part of its Bucyrus distribution business for about $360m to the industrial division of Malaysia's Sime Darby.

The deal includes the Sime Darby Industrial Cat dealerships operated by Hastings Deering in Queensland, and the Northern Territory of Australia, Papua New Guinea and New Caledonia.

Shandong Gold Mining plans to acquire 25% equity interest in Shandong Jinshi Mining for 415m yuan ($65.37m).

Huang Jiayuan owns 25% stake in Shandong Jinshi Mining, which is engaged in mine development in Shandong, China.

Hecla Mining has acquired the remaining 30% stake in the San Juan Silver project located at Creede in the US state of Colorado for a total value of $33.8m.

The San Juan Silver project has a silver resource of approximately 37Moz on the property, which has the potential to contain considerably more silver and gold resources.

International Tower Hill Mines subsidiary has acquired certain mining claims and related rights in Alaska, US for $24.5m.

The assets are located near the company's Livengood project located in the same area.

Keaton Energy has received consent from the South African Minister of Mineral Resources to acquire 74% interest in Leeuw Mining and Exploration (LME) for ($16.69m).

LME owns and operates the Vaalkrantz Anthracite Colliery near Vryheid in South Africa's KwaZulu Natal province.

Santa Fe Gold Corporation has entered into definitive agreements under a plan to conditionally agree to acquire all of the common stock of Columbus Silver Corporation in a transaction valued at $10m.

Santa Fe also has advanced $300,000 to Columbus Silver under a bridge financing agreement.

Compass Gold Corporation has completed acquisition of the remaining 49% equity interest in Africa Mining for an undisclosed sum.

The company issued a total of 30 million common shares and 10 million share purchase warrants of Compass Gold to Africa Mining, in consideration for the acquisition.

Tenova, a supplier of technologies and equipment, will acquire global engineering firm Bateman Engineering for an undisclosed sum.

The transaction is subject to the approval of antitrust authorities.