Deals this Week: Alpha Natural, Paladin Energy, Silvercorp and More…

3 February 2011 (Last Updated February 3rd, 2011 18:30)

Alpha Natural Resources has signed a merger deal with Massey Energy to acquire all outstanding shares of Massey common stock, valued at US$8.5bn. Under the deal, Massey stockholders will receive 1.025 shares of Alpha common stock and US$10 in cash for each share, valued a

Alpha Natural Resources has signed a merger deal with Massey Energy to acquire all outstanding shares of Massey common stock, valued at US$8.5bn.

Under the deal, Massey stockholders will receive 1.025 shares of Alpha common stock and US$10 in cash for each share, valued at $69.33.

Paladin Energy has completed the acquisition of the uranium assets of Aurora Energy Resources from Fronteer Gold, for C$260.87m (US$263m).

Under the transaction terms, Paladin has issued about 52 million ordinary shares to Fronteer Gold.

Silvercorp Metals has received Chinese Governmental approval for its proposed acquisition of a 70% equity interest in Yunxiang Mining, located in China.

Under the share purchase agreement and Sino-Foreign cooperative joint venture contract, Silvercorp will pay $33m towards the acquisition.

Xstrata's subsidiary Noranda Pacific has entered into a principle agreement with Cape Lambert Resources to acquire 25% joint venture interest in the Lady Loretta project in Queensland, Australia.

Noranda Pacific will pay A30m (US$30m) in cash to Cape Lambert on completion of the transaction.

Panoramic Resources has signed a deal with Apex Minerals to purchase the Gidgee gold project for A15.5m (US$15.8m).

The deal excludes tenement M53/153 which covers the Wilsons Refractory gold project.

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