Deals this week: Nevada Copper, Santo Mining, Dominion Diamond and more

4 April 2013 (Last Updated June 2nd, 2020 11:51)

Nevada Copper has announced the closure of a $200m senior secured loan facility and copper concentrate off-take agreement with RK Mine Finance.

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Nevada Copper has announced the closing of $200m senior secured loan facility and copper concentrate off-take agreement with RK Mine Finance.

The company will use the proceeds from the loan facility for construction of its underground mining operation at its 100%-owned Pumpkin Hollow copper project located near Yerington.

Santo Mining has signed a definite agreement to acquire 100% of the Richard gold exploration application.

The deal is part of the company's expansion plan for its portfolio of precious and base metal exploration concession applications assets.

The 220ha Richard Claim is located 200m south-west of Barrick Gold's Pueblo Viejo mine, a gold mine with probable and proven gold reserves of 25.3 million ounces.

Dominion Diamond, formerly known as Harry Winston Diamond, has announced that it has received all the required regulatory grants to buy BHP Billiton's Ekati diamond operations in Canada's Northwest Territories.

The company is expected to close the deal on or around 10 April 2013.

BHP Billiton agreed to sell its Ekati diamond operation to Harry Winston for $500m in November 2012.

Resource Generation (Resgen) has sold a 7.5% stake in the company to fund the development of its Boikarabelo coal mine in South Africa.

The company said that it had signed a strategic partnership with Noble Group, which would see the placement of over 21.3 million shares, to raise A$8.5m ($8.85m).

Coal India (CIL) is planning to acquire Rio Tinto's coal mines, mainly those in Australia, Daily News & Analysis reported.

The company said it has received three offers for certain Australian coal mines from merchant bankers, including those representing the Anglo-Australian mining giant Rio Tinto.


Image: Several mining deals were made this week. Photo: Jeroen van Oostrom/FreeDigitalPhotos.net.

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