Deals This Week: Vale SA, Goldcorp, Brazil Gold And More

3 June 2010 (Last Updated June 3rd, 2010 18:30)

Vale SA said it will acquire Aquila Resources' 24.5% interest in the Belvedere hard coking coal project for about $900 million this week. While Goldcorp said it will sell its San Dimas gold-silver mine in Mexico to Mala Noche Resources Corp for a total consider

Vale SA said it will acquire Aquila Resources' 24.5% interest in the Belvedere hard coking coal project for about $900 million this week.

While Goldcorp said it will sell its San Dimas gold-silver mine in Mexico to Mala Noche Resources Corp for a total consideration of $500 million.

The San Dimas mine produced 113,000 ounces of gold and 5.1 million ounces of silver in 2009.

Tongling Nonferrous Metals Group Holdings and the China Railway Construction Corp have jointly acquired a 96.9% stake in Corriente Resources for CAD657 million ($632 million).

And Innocent Inc said it will acquire a 51% interest in Global Finishing, which owns the majority interest in Globalfinishing Ecuador S A that can legally operate and own mining interests and register new mineral rights and agreements in the country.

Brazil Gold completed its acquisition of Brazil’s Amazonia Capital e Partipacoes Ltda.

Amazonia is the owner of the exclusive rights to explore an extensive 2.1 million acre land package of mineral rights in the Amazon Basin region of Brazil.

And finally, Sable Mining said it will acquire an 80% interest in Monaf Investments, which holds the Lubu coal concession in the Bulawayo mining district of Zimbabwe.