Walter Energy will acquire all outstanding shares of Canada’s Western Coal for a total enterprise value of C$3.3bn (US$3.3bn).
The firms have entered into an arrangement agreement for Walter Energy to acquire Western Coal for C$11.50 per share.
Vedanta Resources subsidiary Sterlite Industries has acquired the Skorpion zinc mine in Namibia from Anglo American for a cash of about $707m.
Vedanta earlier agreed to acquire all of Anglo American’s zinc assets for nearly US$1.4bn, on an attributable, debt and cash-free basis.
ITOCHU Minerals & Energy of Australia (IMEA) will acquire a 15% interest in the Maules Creek coal project being developed by Aston Resources in New South Wales, Australia.
Under the agreement signed between the two firms, IMEA will pay A345m (US$340m) to Aston, and will also acquire an exclusive right to sell coal from the project to the Japanese market and preferred right to sell coal to the other markets.
Village Main Reef has signed an agreement with Simmer and Jack for a proposed merger, under which Village will acquire all of Simmers’ assets including Buffelsfontein, Hartebeestfontein, Tau Lekoa, and an approximate 33% share in First Uranium, owned by Simmers.
The total purchase value of approximately R1.3bn (US$190m) is to be settled by issuing 598 million Village shares at R2.20 per Village share and the assumption of certain liabilities.
Anglo Pacific Group has completed the Brazilian iron ore royalty acquisition from Beadell Resources for A31.25m (US$30.78m) in cash.
The royalty covers the Anglo American operated Amapá iron ore system as well as Beadell’s mining concession and exploration tenements in the Amapá region of northern Brazil.
The first royalty payment from Anglo American for the month of December is expected in January 2011.
Coalworks subsidiary Loyal Coal has signed a farm in agreement and a joint venture agreement with Boardwalk Ferndale, to develop its Ferndale coking/thermal coal project.
Under the joint venture, Boardwalk will spend up to $25m to provide a bankable feasibility study on an open-cut mine and complete a pre feasibility study for underground mine development at Ferndale, and upon fulfilling the commitment, Boardwalk will get a 50% stake in the project.