Glencore International’s subsidiary Glencore Investment has made an off-market cash takeover offer to acquire all the shares of Minara Resources for A$1bn (US$1bn).

According to the proposed offer, Glencore will pay Minara Resources’ shareholders A$0.87 (US$0.91) in cash for each Minara share.

Chilean firm Sigdo Koppers has signed a deal to acquire Belgian company Magotteaux Group for a total value of €550m and will pay about €470m in cash at the closing of the transaction.

Magotteaux provides wear-resistant products for mining and cement industries, and has its own production plants in 12 countries.

OneSteel has entered into a transaction to acquire WPG resources‘ iron ore assets in South Australia for about $346m.

WPG resources will receive about $1.40 (pre-tax) per share for the sale of its subsidiaries – Southern Iron, Central Iron and Coober Pedy Resources.

Nevsun Resources has finalised its arrangements with the state of Eritrea regarding the purchase of 30% of the Bisha mine by the Eritrean National Mining for $253.5m.

According to the arrangements made, a substantial portion of the cash generated by the Bisha mine that would otherwise be paid to Enamco will go to Nevsun until the purchase price is paid in full.

The balance is expected to be settled over a period of approximately two years, depending mainly upon future metals prices and output from the Bisha mine.

Adaro Energy’s subsidiary Alam Tri Abadi has signed a share purchase agreement to acquire a 75% stake in Mustika Indah Permai (MIP) from Elite Rich Investment for $222.5m.

MIP is currently developing a greenfield coal project in South Sumatra, which covers an area of about 20km².

Australian firm Uranex has signed an agreement with a Chinese investor for the sale of 100% of its Australian uranium projects for a total value of A$20m ($20.9m).

The uranium projects include the Thatcher Soak project, Bremer Basin project and Alligator Rivers project.

A total of A$20m in cash will be paid within 90 days of 22 August, including a non-refundable deposit of A$500,000 (US$523,250) received on behalf of the firm.