Deals this week: Vedanta Resources, Kalahari Minerals, Zhong Zhu Holding and more

8 December 2011 (Last Updated December 8th, 2011 18:30)

Diversified mining company Vedanta Resources has completed the acquisition of a majority stake in Cairn India for a total value of $8.67bn.

Diversified mining company Vedanta Resources has completed the acquisition of a majority stake in Cairn India for a total value of $8.67bn.

The move sees the company enter the hydrocarbon sector.

Uranium miner Kalahari Minerals has agreed to be taken over by China Guangdong Nuclear Power Corp in a deal valued at £632m.

China Guangdong's offer is subject to approval from Kalahari investors who own 50% of the shares.

If the transaction is complete, China Guangdong will receive a 43% stake in the Husab uranium project in Namibia.

Zhong Zhu Holding has unveiled plans to purchase a 68% equity interest in Rongling Jieyao Mining for a total value of 128m yuan ($20.11m)

Rongling Jieyao owns copper and gold mine exploration and mining rights in China's Guangxi province, which are worth a total of 203m yuan ($31.9m).

Lone Star Gold has signed a letter of intent to acquire a 65% stake in the San Antonio del Potrero mine tailings project located in the Mexican state of Chihuahua for an undisclosed sum.

The mine tailings have a potential for silver recovery and additional by-products, including gold, zinc and lead.

First Colombia Gold Corp has signed an assignment and assumption agreement to acquire an undivided 100% of the right, title and interest in certain lode mining claims in Idaho, US.

The claims, also known as the South Idaho Silver Project, comprises eight unpatented mining claims covering approximately 160 acres in Owyhee County.

Terra Industries has entered into an exclusivity and confidentiality agreement with Manila Investments to negotiate the acquisition of 80% of the issued and outstanding common shares of Manila.