Deals this week: Adani Enterprises, Endeavour Silver Corp and more

19 July 2012 (Last Updated July 19th, 2012 18:30)

Adani Enterprises, a unit of Adani Group, is in negotiations with Mozambique-based NCondezi Coal to acquire a minority stake in its coal assets.

Adani Enterprises, a unit of Adani Group, is in negotiations with Mozambique-based NCondezi Coal to acquire a minority stake in its coal assets.

The deal value is expected to be valued in the range of $350m to $400m.

Endeavour Silver Corp has completed the acquisition of 100% interests in AuRico Gold's El Cubo silver-gold mine in Guanajuato State and the Guadalupe y Calvo silver-gold exploration project in Chihuahua State, Mexico for $200m.

The company will pay $100m in cash and $100m in Endeavour common shares to AuRico, which can also receive $50m in cash subject to certain events during the next three years.

Prophecy Platinum has officially acquired the Nickel and copper producer Ursa Major Minerals.

The junior natural resource miner will own 58.7 million shares issued and outstanding and options and warrants enabling holders to buy nine million shares at prices ranging from $7.50 to 90 cents each.

Declan Resources has acquired 100% of the issued common shares of Talos Minerals.

The company issued 24.4 million common shares in exchange for 24.4 millionTalos common shares. It also granted 1.5 million replacement stock options in consideration for the cancellation of 1.5 million stock options of Talos.