India’s Lanco Infratech has agreed to acquire Griffin Coal of Australia for A$730m (US$739m) to fuel its power projects in India.
The assets of Griffin Coal include thermal coal mines with a production of over four million tons.
JRCC has secured US$375m in committed financing from Deutsche Bank and UBS Investment Bank, which in addition to existing cash balances, is expected to be sufficient to finance the cash consideration to IRP owners.
Under the terms of agreement, OZ Minerals will pay US$250m, which includes a US$10m deposit paid immediately and the remaining US$240m payable on transfer of the asset.
Dia Bras Exploration has entered into a binding agreement to acquire about 92% of the shares of Sociedad Minera Corona from a group of shareholders.
The value of the acquisition is US$285.46m based on a total equity value for Corona of US$350m.
The shareholders selling the shares will be able to elect to use up to 20% of the proceeds from the acquisition to purchase common shares of Dia Bras at an issue price of C$2.86 (US$2.93) per share.
Hunnu Coal has signed a strategic shareholder agreement and memorandum Of understanding to form a strategic partnership with Banpu Public Company through its 100% owned subsidiary Banpu Minerals.
The key terms of the partnership include 30 million shares placed to Banpu Minerals at A$1.50 a share for A$45m and placement at a 20.1% premium.