Deals this week: PTT, Cameco, Sundance Resources and more

30 August 2012 (Last Updated August 30th, 2012 18:30)

Thailand-based PTT has offered $959m to acquire the remaining 54.7% stake in Sakari Resources to take complete ownership of the company and add to its coal assets in Indonesia.

Thailand-based PTT has offered $959m to acquire the remaining 54.7% stake in Sakari Resources to take complete ownership of the company and add to its coal assets in Indonesia.

PTT currently owns 45.3% of the company and is willing to offer $1.51 per share to take control of two mines in Indonesia and a Singapore-based trading company in Sarkari.

Uranium producer Cameco has agreed to acquire the Yeelirrie uranium project in Western Australia from BHP Billiton for $430m.

Yeelirrie is a near-surface calcrete-style deposit and is one of Australia's large undeveloped uranium deposits located 650km northeast of Perth.

Sundance Resources has accepted a $1.4bn acquisition offer from Hanlong (Africa) Mining Investment to take complete control of the company.

Hanlong revised its offer to $0.46 per share and is hopeful of closing the transaction before the end of 2012.

Diversified mining services company Ausdrill has executed an agreement to acquire the Best Tractor Parts Group for $165m on a debt free/cash free basis.

BTP was established over 25 years ago and posted an EBITDA of $50m for FY2011-12 ended 30 June 2012.

Gold exploration company Kirkland Lake Gold has acquired a 50% interest in seven joint ventures it owns with Queenston Mining in Kirkland Lake camp.

Commenting on the acquisition Kirkland chairman Harry Dobson said, "We can now press ahead with a more aggressive surface and underground exploration program that supports our vision to build a 5+ million ounce gold inventory."

Australian-American Mining Corporation has purchased the non-core uranium assets and related subsidiaries in the United States of Kaboko Mining.

Kaboko received a cash payment of $51,500 for the sale and is due to receive a further US$110,000 in cash before the end of the current quarter.