Seriti Resources Holdings Proprietary Limited has announced plans to acquire Anglo American’s Eskom-tied domestic thermal coal operations for ZAR2.3bn ($164m).
The property to be acquired comprises the New Vaal, New Denmark and Kriel collieries, and four closed collieries.
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Seriti Resources is a coal mine operator and developer based in South Africa, while the target company is a diversified mining company in the UK.
Bacanora Minerals intends to issue 12,333,261 shares of its common stock through a private placement, priced at C$1.35 ($1) a share to Japan-based global trading company, Hanwa.
The placement is expected to raise approximately C$16.65m ($12.39m) in gross proceeds.
Hanwa plans to use proceeds to gain 10% ownership in a Canadian lithium and borate mineral exploration company.
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By GlobalDataCanadian junior exploration company Vendetta Mining is intending to raise C$3m ($2.23m) in gross proceeds through a private placement of 15 million units, each comprising a common share and one-half common share purchase warrant.
Each unit will be priced at C$0.2 ($0.14), while each warrant will have an exercise price of C$0.3 ($0.22) for two years following the closure.
Canada-based Giyani Gold has entered binding agreements with Everbroad Investments and Marcelle Holdings for acquiring six new prospecting licences in the Kanye Basin in south-east Botswana.
Valued at $0.075m, the deal will enable Giyani Gold to acquire an 88% stake in PL322/2016 (Kgwakgwe Hill Licence) and 100% stake in licences from PL336/2016 to PL340/2016.
