Deals this week: Coeur d’Alene Mines, Geo Energy Resources, Gold Anomaly and more

18 April 2013 (Last Updated April 18th, 2013 18:30)

Coeur d'Alene Mines has completed the acquisition of Orko Silver in a cash and stock deal.

Deals

Coeur d'Alene Mines has completed the acquisition of Orko Silver in a cash and stock deal.

As per the consideration, Coeur paid a total of C$100m ($97m) in cash and issued an aggregate 11,572,918 common shares and 1,588,768 warrants to acquire common shares of Coeur.

With the completion of the deal, Coeur now owns all of the issued and outstanding shares of Orko.

Geo Energy Resources has signed a conditional sales and purchase agreement to purchase its fifth mine concession in 2013.

As per its first agreement, the company will buy a 97.9% equity interest in PT Surya Tambang Tolindo from Spectra Capital Success, held by Borneo Coal Resources.

Continental Coal's South African subsidiary, Continental Coal (CCL) has completed all necessary regulatory requirements and completed the acquisition of the outstanding minority interests in Mashala Resources.

Following the acquisition, CCL now holds, amongst other things, 100% interests in the operating Ferreira and Penumbra Coal Mines, which produce a high-quality thermal coal product that is exported through the Richards Bay Coal Terminal and sold under existing offtake agreements into primarily the Asian markets.

Gold Anomaly has entered in to an agreement with Triple Plate Junction and Celtic Minerals to buy the remaining stake in the Crater Mountain Project in Papua New Guinea.

The company currently has a 90% stake in the project through its PNG subsidiary Anomaly.

Avalon Minerals has inked a Memorandum of Understanding (MoU) with ZJ Advisory, to raise up to A$25m ($25.8m).

The company will allocate the new capital to its Viscaria Copper Project in Sweden.


Image: Many significant mining deals were signed this week. Photo: Jeroen van Oostrom/FreeDigitalPhotos.net.

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