Deals This Week: Cliffs Natural, Inmet, Hudbay and More

13 January 2011 (Last Updated January 13th, 2011 18:30)

Cliffs Natural Resources has signed an agreement to acquire Consolidated Thompson Iron Mines for C$4.9bn (US$4.96bn). Under the agreement, Cliffs will acquire all of Consolidated's common shares at C$17.25 a share. Canadian base metal miners Inmet Mining and

Cliffs Natural Resources has signed an agreement to acquire Consolidated Thompson Iron Mines for C$4.9bn (US$4.96bn).

Under the agreement, Cliffs will acquire all of Consolidated's common shares at C$17.25 a share.

Canadian base metal miners Inmet Mining and Lundin Mining are merging to create an international copper producer, Symterra Corporation.

The firms have signed an agreement on the transaction, which is valued at around C$9bn (US$9.12bn).

HudBay Minerals will acquire Norsemont by way of a formal takeover bid of around $520m.

The companies have entered into an agreement that will allow HudBay to purchase all of the outstanding common shares of Norsemont at at $4.65 a share.

African Iron, formerly Stirling Minerals, has acquired DMC Mining from Cape Lambert Mining.

The acquisition calls for a payment of A$47m (US$46.8m) in cash and 120 million shares of African Iron, which are equivalent to approximately 25% of the firm’s undiluted capital.

OAO Severstal subsidiary Nord Gold has acquired Crew Gold Corporation under a plan of arrangement under the laws of the Yukon Territory.

About seven million common shares of Crew Gold, equivalent to $32m, were acquired by Nord Gold at $4.65 per common share.