Prior to the merger, Arch acquired about 92% of ICG’s outstanding shares of common stock in connection with its previously disclosed tender offer.
Gloucester has entered into an agreement with shareholder Noble, to buy Donaldson Coal, which owns thermal and semi-soft coking coal mines in New South Wales, along with an 11.6% shareholding in the new coal export terminal at Newcastle for a total value of $615m.
Glencore International has made an initial agreement to buy CST Mining Group‘s Mina Justa copper project in Peru for $475m.
With this acquisition, Glencore will own 70% of the project and have control of deposits with a resource base of 3Mt of contained copper.
Kangaroo Resources has now issued more than 2.3bn new shares to PT Bayan Resources, as well as other parties, in order to acquire the Pakar project, giving Bayan a controlling 56% shareholding in Kangaroo.
Canada Fluorspar (CFI) and Arkema have entered into a agreement to finance the reactivation of CFI’s fluorspar project located in Newfoundland, Canada.
Both the firms have entered into a definitive agreement pursuant to which Arkema will initially invest C$15.5m (US$15.77m) to acquire common shares and subscription receipts of CFI.
The subscription price per common share and per subscription receipt is C$0.75 (US$0.76), and upon completion of the equity financing and the subsequent funding of a new partnership, Arkema’s total investment in CFI will amount to C$83.5m (US$85m).
Eritrean National Mining has agreed to purchase a 30% stake in the Zara gold project owned by Chalice Gold Mines for $32m.