Deals This Week: Agnico-Eagle, Jinchuan, Big Bear and More

8 April 2010 (Last Updated April 8th, 2010 18:30)

Agnico-Eagle will acquire the remaining 87% of Comaplex Mining for C$570m ($569.7m). The acquisition will help Agnico take ownership of the Meliadine gold property in the Nunavut province in Canada. Medoro Resources finalised its long-planned deal to buy C

Agnico-Eagle will acquire the remaining 87% of Comaplex Mining for C$570m ($569.7m).

The acquisition will help Agnico take ownership of the Meliadine gold property in the Nunavut province in Canada.

Medoro Resources finalised its long-planned deal to buy Colombia's Frontino goldmine for $200m.

China's Jinchuan Group will acquire Canadian junior nickel miner Crowflight Minerals for $150m.

The deal will help Jinchuan take control of Crowflight's Bucko Lake nickel mine in Manitoba.

Temasek Holdings, meanwhile, is looking to buy $100m of convertible debt in Platmin, the South Africa-based platinum miner controlled by Brian Gilbertson’s Pallinghurst Resources.

Mining investment company Sable Mining Africa said it wants to take a 36.5% stake in South Africa-based Delta Mining to increase its presence in sub-Saharan Africa.

Sable already owns about 36% in the exploration and mining company.

In an effort to gain more control of African Eagle's Igurubi Gold exploration project at the Lake Victoria Goldfield in Tanzania, Peak Resources will acquire a 75% interest.

Big Bear Mining is talking with Rubicon Minerals about acquiring a 100% interest in the Skinner and Shabu Lake properties located in the Red Lake Mining Division of north-western Ontario, Canada.

The Red Lake mine produces approximately 600,000oz, worth $405m annually, with over 11 million ounces gold to date.