AUX Canada Acquisition, a subsidiary of EBX Group, has entered into an agreement with Ventana Gold to acquire its shares for US$13.6 a common share, for a total value of US$1.56bn.
With the acquisition, the EBX Group will acquire 100% of Ventana Gold and have access to gold, silver and copper deposits in Colombia.
Vedanta Resources‘ Indian subsidiary Sterlite Industries has acquired the Lisheen zinc mine in Ireland from Anglo American‘s Taurus International for US$546m.
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.
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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.