Major Deals This Week: Bucyrus, Golden Hope, Zoro Mining and More

25 February 2010 (Last Updated February 25th, 2010 18:30)

In the major deals to take place this week, Bucyrus International said it has completed the acquisition of Terex Corp's mining equipment business for $1.3bn in cash and stock. The Terex equipment business makes hydraulic excavators, mining trucks and other products used to extrac

In the major deals to take place this week, Bucyrus International said it has completed the acquisition of Terex Corp's mining equipment business for $1.3bn in cash and stock.

The Terex equipment business makes hydraulic excavators, mining trucks and other products used to extract precious metals.

Golden Hope Mine proposed to acquire a 100% stake in certain mining claims located in the Beauce region of south-eastern Quebec.

The claims fall within the Bellechasse-Timmins Belt and lie approximately 6km south-west of the company's Bellechasse-Timmins deposit.

Azure Minerals has acquired 100% ownership of the El Tecolote project, located in Sonora, Mexico.

The El Tecolote property contains the historical skarn-hosted El Tecolote copper-zinc-silver mine whose historical production is recorded as approximately 1.6 million tonnes at 1.8% copper, 6.9% zinc and 50g/t silver.

Thor Mining said it will acquire the Dundas gold exploration project located in the Norseman area south-east of Kalgoorlie in Western Australia.

Under the terms of the agreement, Thor will initially acquire a 51% interest in the tenements for A$100,000 and will gradually acquire the remaining stake in stages dependent on exploration spend.

Anglo Swiss Resources said it has completed the acquisition of more than 11,756ha of mineral tenures on the eastern, western and southern boundaries of its Nelson Mining Camp near Nelson, British Columbia.

The exploration programme over the property aims to locate any sources of gold, silver and poly-metallic minerals at depth and to expand upon the current gold resources at the Kenville Gold Mine.

Zoro Mining Corp said it has entered into an agreement to acquire a 100% interest in three property mineral exploration concessions covering approximately 1,500ha as an extension to the company's existing Yura gold prospect located 30km west of Arequipa, Peru.