Essar Group has completed the acquisition of Zimbabwe Iron and Steel Company (ZISCO) with a commitment of $750m and will take over all liabilities of the firm and Zimbabwe Government.
Under the terms of the agreement, ZISCO will be divided into two new entities, NewZim Steel and NewZim Minerals, in which Essar Africa and the Zimbabwe Government will hold stakes.
Atlas Consolidated Mining and Development has completed the acquisition of a 45.54% stake in Carmen Copper for $368m.
Atlas has raised $390m in debt and equity to finance the full consolidation of the ownership of Carmen Copper, which owns the main mine in Toledo, Cebu.
Yanzhou Coal Mining has agreed to buy thermal coal exploration and production assets from GS Power Holdings' subsidiaries in Queensland for $202.5m.
The subsidiaries operate a thermal coal mine in Surat Basin of Queensland, about 360km north-west of Brisbane.
Kingsgate Consolidated has entered into a definitive agreement with Silver Standard Resources to acquire 100% of the Bowdens project in New South Wales for A$75m (US$79m).
Under the terms of the definitive agreement, Silver Standard will sell its interest in Bowdens for cash value of A$45m (US$47.8m) and A$30m (US$31.8m) in Kingsgate shares.
Anglo Pacific has agreed to purchase a 1% gross revenue royalty on London Mining's Isua iron ore project in Greenland for $30m.
Anglo Pacific has entered into a royalty agreement with London Mining and its wholly owned subsidiary London Mining Greenland.
London Mining has commenced work on a feasibility study for the Isua project based on a 15Mtpa open pit and processing operation with a 15-year initial mine life.
KWG Resources has agreed to sell its net smelter royalty interests in the Black Thor, Black Label and Big Daddy chromite deposits to Anglo Pacific Group for $18m.
KWG has a 28% interest in the Big Daddy deposit and may earn an additional 2% interest in it under an option agreement to create a joint venture with Cliffs Natural Resources.