Deals this week: Hebei Veyong, Eurasian Minerals and more….

9 February 2012 (Last Updated February 9th, 2012 18:30)

Hebei Veyong Bio-Chemical said it will fully acquire Xinneng Mining from controlling shareholder, Xinao Investment Holding.

Hebei Veyong Bio-Chemical said it will fully acquire Xinneng Mining from controlling shareholder, Xinao Investment Holding.

Hebei Veyong Bio-Chemical will issue of up to 650 million shares to seven companies at CNY10.98 ($1.74) per share, raising about CNY8bn ($1.27bn).

The seven companies, which own stakes in Xinneng Mining, include Xinao Investment Holdings, Taoshi Energy Equity Investment Fund, Shenzhen Ping An Chuangxin Capital Investment, and Legend Holdings.

Gold and copper explorer Eurasian Minerals has agreed to acquire Bullion Monarch Mining for $45.8m.

Bullion shareholders will receive 0.45 of a Eurasian common share and $0.11 in cash for each Bullion share held, under the terms of the deal.

Cluff Gold has entered into a conditional sale and purchase agreement with Orezone Gold Corporation for the acquisition of the licences and associated property comprising Orezone's Sega Gold Project in Burkina Faso.

The consideration comprises 11 million new Cluff Gold ordinary shares and $15m cash.

Coal miner PT Resource Alam Indonesia has acquired controlling stakes in four coal mining companies in East Kalimantan for $7.9m.

The company purchased a 75% stake in each of the firms PT Kaltim Mineral, PT Jaya Mineral, PTTambang Mulia and PT Chaido Mega Mineral.

ElDore Mining Corporation has signed an agreement to acquire the Lonely Gold Mine for a total consideration of $4.4m.

The move will see the restart of operations at the Lonely Gold Mine in Bulawayo, Zimbabwe.

Colombia Energy Resources subsidiary Colombia Clean Power completed the acquisition of the Herrera metallurgical coal concession.

The coal mining concession was acquired from Dairo Ruben Herrera Perez and Ariel Salcedo Leal.