Adani Group subsidiary Adani Enterprises has signed a US$1.6bn agreement with PT Bukit Asam, a Government of Indonesia coal mining company.
Under the agreement, Adani Enterprises will provide rail and port infrastructure for coal transportation and evacuation.
ArcelorMittal and its minority partner, Nunavut Iron Ore Acquisition, have announced their bid, valued at C$590m (US$593m), for Baffinland Iron Mines, located in Canada’s high Arctic.
The firms have waived the minimum tender condition under their offer to purchase all of the outstanding common shares of Baffinland, and gained control of 59% of Baffinland’s shares.
Hong Kong mining firm Regent Pacific‘s takeover of West Australian iron ore junior BC Iron has been approved by the Australian Foreign Investment Review Board.
Under $3.30-a-share cash offer, Regent Pacific will acquire 81% of the BC Iron shares that it doesn’t already own, for a transaction value of around A$345m (US$341m).
Petra Diamonds will acquire the Finsch diamond mine in South Africa from De Beers Consolidated Mines for R1.4bn (US$210m).
Finsch is expected to produce over 1.5 million cubic tons per annum in its first full year of production, more than doubling the group’s production of around 1.3 million cubic tons per annum.