FACTBOX-Recent M&A activity among African mining firms

Mon Oct 5, 2009 6:56am EDT
 
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LONDON, Oct 5 (Reuters) - Below are details of recent merger and acquisition activity involving mining firms with operations in Africa. For a story on prospects for African mining M&A, see [ID:nLN609773]

Oct 2

Chilean copper miner Antofagasta (ANTO.L) finalises deal to take 18 percent stake in Sunridge Gold Corp (SGC.V), which has projects in Eritrea. [ID:nWNAB5590]

Oct 1

State controlled Russian uranium miner ARMZ Holding says in talks with Canada's Cameco Corp (CCO.TO) on possible mining joint ventures in Africa and Australia. [ID:nL1395134]

Sept 18

Kazakh mining group ENRC (ENRC.L) agrees to pay $955 million to acquire Central African Mining & Exploration Co Plc (CAMEC) (CFM.L), which has mines and projects in Democratic Republic of Congo (DRC), Zimbabwe, Mozambique and Mali. [ID:nL0211900]

Sept 17

African Minerals (AMIq.L) says it is in talks with ENRC and several large Asian industrial firms about a possible takeover or funding for its iron ore project in Sierra Leone. [ID:nLH528679]

Sept 15

Chinese firm agrees to pay 16.1 million pounds to buy controlling stake in Weatherly International Plc (WETI.L), which will allow firm to reopen copper mines in Namibia. [ID:nLF325315]

Sept 15  Continued...

 

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