Deals this week: Vedanta Aluminium, Majan Mining, Glencore and more

14 June 2012 (Last Updated June 14th, 2012 18:30)

Vedanta Resources subsidiary Vedanta Aluminium has purchased a 24.5% equity interest in Raykal Aluminium from Larsen and Toubro for a total sum of Rs2bn ($36m).

Vedanta Resources subsidiary Vedanta Aluminium has purchased a 24.5% equity interest in Raykal Aluminium from Larsen and Toubro for a total sum of Rs2bn ($36m).

Subject to certain milestones being achieved, Vedanta Aluminium can fully acquire the firm, which owns bauxite mining licenses in Odisha, India, for Rs 18.11bn ($324.9m).

A joint venture of Sail-RINL is planning to acquire a 10% equity interest in Oman-based Majan Mining Company for Rs200bn ($35.8m)

Majan Mining is a joint venture between Muammar Abdullah Said Badr Al Rawas Group, Thailand's Energy Eastern and India-based Delta Oxide.

UK-based commodities trading group Glencore International has completed a deal to acquire a majority stake in Rosh Pinah Zinc Corp for an undisclosed sum.

Glencore will now have a 80.08% interest in Rosh Pinah Zinc Corp, a Namibian-based zinc and lead mining business.

All Grade Mining has completed the acquisition of Jose Del Transito in Chile for an undisclosed sum.

The copper oxide project is currently producing up to 1,100 tonnes of copper per month.

Hansa Resources has announced the finalisation of agreements for the acquisition of the Zhumba gold project in Eastern Kazakhstan.

Zhumba is an orogenic gold system consists of two claims covering 259.76km² in the Kokpektinsky and Ulansky districts.