Share this article

Indian firm NMDC is planning to acquire mines in Brazil and the US by using its cash reserves of Rs190bn ($3.7bn).

The firm plans to acquire two iron ore assets owned by Greystone Mineracao do Brasil in Brazil and a coking coal mine in the US.

Rio Tinto has increased its friendly takeover offer to acquire Hathor Exploration from C$578m (US$567m) to C$654m (US$634m).

Rio Tinto has offered to pay C$4.70 (US$4.63) per each share of Hathor, revising its earlier offer of C$4.50 (US$4.39) per share.

The acquisition will allow Rio Tinto to expand its operations in the Athabasca Basin, which currently provides about 20% of global uranium production.

ENK has received an outstanding $34m from Turkish firm VTG Nikel Madencilik, for the sale of its Caldag nickel project in Turkey.

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.

Company Profile – free sample

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 GlobalData

ENK earlier entered into an agreement to sell the Caldag project for $40m and has received a initial deposit of $6m shortly after.

Zhongjin Gold’s subsidiary Shaanxi Jiusheng Mining Investment Management is planning to acquire 69.09% stake in Shaanxi Xin Yuan Industry and Trade for a total value of 212m yuan ($33.3m).

Shaanxi Xin Yuan Industry and Trade owns the exploration rights to three gold mines located in Luonan county, Shaanxi province, which have a total proven reserves of 657,932t.

Chinese firm DADI Engineering Development has received Chinese Government regulatory approval to acquire 15.3% stake in Australian firm MetroCoal for $24m.

Under the transaction, DADI will purchase 32 million shares of MetroCoal at price of $0.75 per share.

MetroCoal hold coal exploration tenements in the Surat coal basin covering a 4,000km2 area.