Deals This Week: Cliffs Natural, Kepco, Rae Wallace and More

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

Cliffs Natural Resources will acquire all of the coal operations of privately owned INR Energy, a producer and exporter of high-volatile metallurgical and thermal coal. The total value of the transaction is $757m. South Korea's Kepco will acquire Bylong coal m

Cliffs Natural Resources will acquire all of the coal operations of privately owned INR Energy, a producer and exporter of high-volatile metallurgical and thermal coal.

The total value of the transaction is $757m.

South Korea's Kepco will acquire Bylong coal mine from Anglo American for $403m.

The Mongolian Government will sell 30% of its state-run mining company, which controls the Tavan Tolgoi coking coal deposit, to help fund an initial $1.5bn development cost.

Tavan Tolgoi holds about six billion metric tons of coal in the deserts of southern Mongolia, making it one of the world's largest unexploited reserves of the fuel.

Rae Wallace Mining said it has acquired a 100% interest in eight Peruvian gold-silver properties from Geologix Explorations.

Forbes & Manhattan said it will acquire Slater Coal and its interests in its coal mines in South Africa.

Wuhan Iron and Steel will acquire a 60% interest in a new iron ore project owned by CenSotrex Metals.