Major Deals this Week: Goldcorp, Eurasian Natural Resources, Pro Minerals and More

18 February 2010 (Last Updated February 18th, 2010 18:30)

Goldcorp said it has completed the acquisition of 70% of the El Morro copper-gold project in north-central Chile with reserves of 6.7 million ounces of gold and 5.7 billion pounds of copper. Goldcorp spent $463m on the project, run by Xstrata Chile SA. Eurasian Nat

Goldcorp said it has completed the acquisition of 70% of the El Morro copper-gold project in north-central Chile with reserves of 6.7 million ounces of gold and 5.7 billion pounds of copper.

Goldcorp spent $463m on the project, run by Xstrata Chile SA.

Eurasian Natural Resources said it has entered into a conditional agreement to acquire 100% of Enya Holdings BV, which holds a 90% interest in Chambishi Metals and a 100% interest in Comit Resources FZE.

The $300m transaction is expected to be complete by June 2010.

The A25 Gold Producers Corporation said it has acquired 100% of the Golden Peak mineral property with historical production records of over one ounce per tonne gold.

And mining investment company Absolute Holdings said it will acquire 60% of platinum explorer Bauba from Hlabirwa Mining Investments, Highland Trading Investments and the shareholders of Ndarama Mineral Resources.

The deal involves a core project that had been strategically positioned down-dip from three existing producing platinum mines and three development projects, as well as exposure to the platinum market, which has been set for significant growth in the next five to ten years.

Pro Minerals said it has acquired the Discovery Lake Project located in the East Uchi - Petawanga Lake area of Ontario, Canada.

The Discovery Lake Project covers several VMS prospects with high potential for a significant VMS discovery containing silver and gold credits.

Meanwhile, Evolving Gold Corp said that it has completed the acquisition of the Rattlesnake Hills Property by issuing 1,000,000 common shares to Golden Predator Mines, the final payment of a total of 3,000,000 shares.