Deals this week: KGHM Polska, Molycorp, MMEX Mining and more…

8 March 2012 (Last Updated March 8th, 2012 18:30)

KGHM Polska Miedz completed the purchase of Canada’s Quadra FNX Mining for $2.87bn.

KGHM Polska Miedz completed the purchase of Canada's Quadra FNX Mining for $2.87bn.

Now the transaction has closed KGHM holds metals deposits and mines in six territories such as Poland, Germany, Canada, the US, Greenland, and Chile.

Molycorp will acquire Neo Material Technologies for a total consideration of $1.31bn.

The deal will expand Molycorp's portfolio to include the production of magnetic powders and rare metals like gallium, indium and rhenium.

MMEX Mining Corp has completed the acquisition of its 50% stake in its first metallurgical coal mine project in Colombia.

The property consists of three coal titles, comprising a tenure parcel of 567.8ha.

Stratex International has acquired the remaining 7.5 million of Silvrex for a total consideration of £4.7m. The moves come after it received acceptances in respect of 94.2 shares.

Borneo Resource Investments has signed a binding letter of intent to acquire 100% of BT Bumi Energy Kalimantan for an undisclosed sum.

Bumi holds a 3,200ha thermal coal mining concession in the Southeastern region of Kalimantan, Indonesia, that contains estimated reserves of 28 million metric tonnes of high-quality thermal coal.

Convergence Ethanol has completed the acquisition of the gold-platinum Choco Placer mining operation located in Colombia.

The company will issue 100 million shares to Mineros Alpha in exchange for project concessions.

Alecto Minerals has completed the acquisition of its Aysid-Metekel gold project in Ethiopia.

The company issued 19.5 million new shares to complete its acquisition of Nubian Gold, which owns Aysid-Metekel.