Cloud Peak Energy has acquired the lease of West Antelope II North Coal Tract from the Bureau of Land Management (BLM) for a total value of $297.7m.
According to BLM, the tract contains estimated reserves of about 350Mt of mineable coal.
Cloud Peak has made a payment of about $59.5m, the first of five equal payments for the federal coal lease.
The Indonesian Government has signed an agreement with Newmont Mining’s subsidiary PT Newmont Nusa Tenggara (NNT) to acquire a 7% stake in NNT through its state investment agency PIP.
The total value of the transaction is about $246m.
OAO Severstal has acquired a 25% stake in the Brazilian firm SPG Mineração, which owns highly prospective iron ore exploration licences in the northern state of Amapa, Brazil.
The total value of the transaction is $49m, payable in performance-related installments, with part of the amount to be used for the first stage of exploration.
Severstal has also entered into a call option agreement to purchase an additional 50% stake in this company, exercisable upon completion of certain conditions.
De Beers Consolidated Mines (DBCM) has entered into an agreement to sell its Namaqualand Mines to Trans Hex for $33.3m.
Trans Hex has also agreed to take on the environmental rehabilitation programme, which is currently underway, along with the continuing operations at the Namaqualand mines.
Brilliant Mining has received final approval from the TSX Venture Exchange to acquire Ivory Resources for a total value of $28.7m.