Boliden has signed a deal with Australian Altona Mining to purchase the Kylylahti copper mine for $95m.
The mine includes the exploration rights and copper / nickel deposits in the Outokumpu field in eastern Finland.
Opened in 2012, the Kylylahti mine has the capacity to produce 650,000t of ore per year until its life time to 2021. It has 110 employees and around 120 contractors.
Copper extracted from the mine accounts for 80% of the company revenues, with gold, zinc and silver accounting for the rest.
The deal, which is subject to approval by the Finnish Competition and Consumer Authority and shareholders of Altona Mining, is expected to be closed by 1 October.
China Gold International Resources, along with its wholly-owned subsidiary Skyland Mining, has signed a subscription agreement with the joint lead managers to issue its bonds worth $500m.
Under the agreement, the company will issue bonds at a price of 99.634% with an interest rate of 3.5% at a maturity date of 17 July 2017.
Standard Chartered Bank, Citigroup Global Markets, Merrill Lynch International and CCB International Capital are acting as joint lead managers for this deal.
The net proceeds of the offer will be used for working capital, capital expenditures and general corporate purposes of the company.
The closure of subscription agreement is subject to satisfaction and waiver of its conditions.
Klondex Mines has entered into a deal with a consortium of underwriters to sell its 7,000,000 common shares at a price of CAD2 ($1.88) per share or a total price of CAD14m ($13m).
Led by GMP Securities, the consortium includes RBC Dominion Securities, M Partners, Industrial Alliance Securities, Dundee Securities and Mackie Research Capital.
The underwriters will also have the option to purchase additional 1,050,000 shares any time within 30 days after the closing of the offering, following which the aggregate price will be CAD16m ($15m).
The net proceeds are expected to be used for additional exploration and developmental works at the Midas Gold project and Fire Creek gold project, in addition to using for working capital and general corporate purposes.
Closure of the deal, which is subject to regulatory approvals and certain other conditions, is expected to happen by 30 July.
Kasbah has signed a memorandum of understanding (MOU) with the wholly-owned Ugandan subsidiaries of Australia-based Starfield Metals for exploration and mining of the Kikagati Tin project in south-western Uganda.
As part of the deal, Kasbah will have an option to farm-in to the Kikagati Tin project and may get a 51% stake in the project after attaining certain milestones.
Kasbah will also get a fee of AUD100,000 ($94,004) to conduct due diligence for a period of six months.
Bravada Gold has entered into a definitive option agreement with Mantra Capital to sell its Wind Mountain gold/silver property in Nevada for around CAD5.2m ($4.8m).
The payment for the purchase will happen in five tranches, according to Bravada Gold.
Mantra will initially pay $25,000 upon execution of the definitive agreement, followed by CAD275,000 ($258,713) in cash and CAD100,000 ($94,077) in Mantra common shares by 1 August.
The company will subsequently pay CAD700,000 ($658,544) in cash and CAD100,000 ($94,077) in Mantra common shares by 1 August 2015.
Bravada Gold will receive the remaining $4m in two equal halves by 1 August 2016 and 1 August 2017 respectively.
Image: Several deals were signed this week. Photo: courtesy of stockimages / FreeDigitalPhotos.net.