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.

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.

"The placement is expected to raise approximately C$16.65m in gross proceeds."

Hanwa plans to use proceeds to gain 10% ownership in a Canadian lithium and borate mineral exploration company. 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Canadian 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. 

Mining Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Mining Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now