With the acquisition, the EBX Group will acquire 100% of Ventana Gold and have access to gold, silver and copper deposits in Colombia.
In 2010, Vedanta Resources announced the acquisition of Anglo American’s zinc assets for a total of US$1.3bn including Skorpion mine in Namibia, Lisheen mine in Ireland and Black Mountain Mining in South Africa.
Independence Group has signed a bid implementation agreement with Jabiru Metals, to acquire all the shares of Jabiru for A$532m (US$533m).
Under the agreement, Jabiru shareholders will receive one Independence Group share for every eight Jabiru shares held.
The acquisition will also create a combined group with pro forma market capitalisation of about A$1.5bn (US$1.5bn).
Rico Resources has acquired Wonmunna and Uaroo iron ore projects from Talisman Mining for a total value of US$41.35m.
The transaction includes payment of US$34.25m in cash, along with 35.5 million Rico Resources post reconstructed shares valued at US$7.1m and a 1% gross royalty.
US-based Connors Drilling and its sister company Sanderson Drilling of Western Australia, have purchased the assets of the surface diamond division of Swick Mining Services of Australia for a total value of US$17m.
The acquisition of assets including equipment, trained operations staff and existing drilling contracts in Australia, will provide added resources to help both companies meet increased demand for exploration drilling services.