Deals this Week: ARMZ, Franco-Nevada, Inmet and More

16 December 2010 (Last Updated December 16th, 2010 18:30)

ARMZ Uranium Holding has entered into an acquisition agreement with Mantra Resources to acquire 100% of issued shares of Mantra Resources for A$1.2bn (US$1.2bn). Each common share of Mantra will be exchanged for a cash payment in the amount of A$8.00 (US$7.94).

ARMZ Uranium Holding has entered into an acquisition agreement with Mantra Resources to acquire 100% of issued shares of Mantra Resources for A$1.2bn (US$1.2bn).

Each common share of Mantra will be exchanged for a cash payment in the amount of A$8.00 (US$7.94).

Franco-Nevada will acquire Gold Wheaton in the form of a Plan of Arrangement for C$830 (US$823m) in cash and shares.

The firms have entered into a friendly business combination agreement whereby Franco-Nevada will acquire Gold Wheaton for C$5.15 per common share.

Inmet Mining has closed a transaction with Leucadia National to acquire a 30% indirect equity interest and subordinated sponsor loans in the Cobre Las Cruces copper mine in Las Cruces, US.

Under the transaction, Inmet has paid $150m in cash and issued about 5.45 million common shares to Leucadia.

Penn Virginia has signed an agreement to purchase certain mineral rights and associated royalty interests in Kentucky and Tennessee from Begley Properties for approximately US$97.25m.

The mineral rights include approximately 102 million tons of coal reserves and resources.

Lanco Infratech's subsidiary, Lanco Resources Australia, has concluded a binding agreement with Griffin Energy Group and Carpenter Mine Management Holdings to purchase 100% shares of Griffin Coal Mining Company for an undisclosed amount.