Aquila Resources is in advanced talks to sell its Washpool coking coal asset to Indian state consortium International Coal Ventures (ICVL) for A$301m ($324.7m).

Aquila will need to raise more than A$3bn ($3.2bn) to fund its 50% share of a new iron ore mine and port project in Western Australia, which has been delayed due to port and funding issues.

Chengtun Mining Group plans to acquire a 55% stake in Aima Mining and the entire equity of Shenzhen Yuanxinghua which owns a 45% stake in the company.

The acquisition will see Chengtun acquire CNY1.47bn ($233.4m) worth of lead, zinc and related assets through a private placement of 89.11 million shares at CNY16.48 per share to major shareholders.

Henan Shen Huo Coal Industry is planning to acquire a 51% interest in Zhengzhou Yuzhong Coal for CNY610m ($96.9m).

Zhengzhou Yuzhong Coal has four subsidiaries which control seven coal mines with total reserves of 488m tonnes and recoverable reserves of 203m tonnes.

Gold miner Kinross Gold Corporation intends to sell its 50% equity stake in the Crixas gold mine in Brazil and 25% stake in the Cerro Casale gold-silver-copper project in Chile.

Kinross Gold Corporation is primarily involved in the exploration and operation of gold mines.

VHGI Holdings subsidiary VHGI Coal has completed the acquisition of all of the stock of Lily Group.

Under the transaction, the group secured a $13m debt financing in order to refinance certain existing debt of the company, pay vendors, pay costs of the transaction and for short-term working capital purposes.

Alliance Coal, a subsidiary of Alliance Resource Partners has entered into a definitive agreement with Green River Collieries to acquire all of its coal-related assets located in Kentucky, US for an undisclosed sum.

The deal will be complete once Green River completes certain closing requirements.

Universal Bioenergy has closed the acquisition of a 40% stake in the Whitesburg Friday Branch Mine, a producer and provider of thermal steam coal in eastern Kentucky.

The company said the deal is projected to generate over $264m over the next five years.