Deals This Week: Franco-Nevada, Puda Coal, Qiao Xing and More

6 January 2011 (Last Updated January 6th, 2011 18:30)

Franco-Nevada has acquired 56.5 million common shares of Gold Wheaton Gold from Quadra FNX Mining for C$262m (US$262m) at C$4.65 a share. Franco-Nevada is also in the process of negotiating and finalising a definitive arrangement agreement with Gold Wheaton to acqui

Franco-Nevada has acquired 56.5 million common shares of Gold Wheaton Gold from Quadra FNX Mining for C$262m (US$262m) at C$4.65 a share.

Franco-Nevada is also in the process of negotiating and finalising a definitive arrangement agreement with Gold Wheaton to acquire the issued Gold Wheaton common shares that it does not already own for C$293m (US$293m) at C$5.20 a share.

Puda Coal subsidiary Shanxi Puda Coal Group has entered into coal mining rights and asset transfer agreements with three coal mines located in Pinglu County, Shanxi province, China.

Shanxi Coal will pay an aggregate purchase price of up to CNY408m (US$61.2m), of which CNY250m (US$37.4m) will be spent for Anrui Coal, CNY140m (US$21m) for Chuntouao Coal and CNY18.5m (US$2.77m) for Xiapingcun Coal.

Qiao Xing Universal has acquired a 34.5% equity interest in Chifeng Aolunhua Mining by winning a bid from a Chinese government agency.

The company has agreed to pay CNY185m (US$28m) for the bid, which will be paid in two cash instalments within six months.

Canada's Coronet Metals has signed an agreement with Latin Gold to acquire a 100% interest in the Paron gold project in Ancash, Peru.

Coronet has agreed to pay US$14m to Latin Gold in various phases, in exchange for the assets of the project.