Major Deals This Week: Essar, Kinross Gold, Uragold Bay Resources and More

11 March 2010 (Last Updated March 11th, 2010 18:30)

Indian conglomerate Essar has acquired West Virginia-based Trinity Coal for $600m. The acquisition will help Essar secure raw materials with coal and iron ore prices set to rise as the global economy recovers. Poland, seeking privatisation, sold a 46.7% stake in co

Indian conglomerate Essar has acquired West Virginia-based Trinity Coal for $600m.

The acquisition will help Essar secure raw materials with coal and iron ore prices set to rise as the global economy recovers.

Poland, seeking privatisation, sold a 46.7% stake in coal miner Bogdankato for $387m.

Kinross Gold Corporation and Underworld Resources have entered into a letter of agreement to acquire 100% of the outstanding common shares of Underworld.

The transaction is valued at $139.2m.

Apollo Gold said it has agreed to acquire all of the outstanding common shares of Linear Gold Corp, valued at C$102m, in exchange for Apollo's common shares.

Visible Gold Mine said it will acquire a 100% stake in the Silidor property, comprised of 13 mining claims in the province of Quebec, Canada, from Newmont Canada Corporation and IAMGOLD Corporation.

The acquisition will enable Visible Gold Mines to expand its mining facilities in Canada.

Uragold Bay Resources has acquired 100% interest in the Bulstrode Rare Earth Property located 28km west of Thetford Mines, Quebec.

Strategic Mining has signed an agreement with Ba Dinh Minerals for the acquisition of the Nat Son 105ha gold property located near Long Son, Vietnam.