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FACTBOX-Consolidation in the mining industry

Fri Jul 17, 2009 8:13am EDT

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LONDON, July 17 (Reuters) - Mining companies have moved in recent months to agree mergers and acquisitions in a bid to snap up assets while prices are still low.

Here are some of the recent deals and dealtalks in the sector.

For a similar Factbox on the oil and gas sector please click on [ID:nLF29217].

* African miners Randgold Resources (RRS.L) and AngloGold Ashanti (ANGJ.J) team up to make a cash-and-shares bid worth $488 million for Moto Goldmines MGL.TO. [ID:nLG165129] (July 16)

* London-listed Central African Mining and Exploration Company CFM.L says it has received offer approaches, responding to speculation Brazil's Vale (VALE5.SA) or a Chinese materials group could be interested. [ID:nLG75825] (July 16)

* World number 4 platinum producer Aquarius Platinum (AQP.AX) takes over Ridge Mining RDG.L, with the latter's Blue Ridge Mine producing platinum, palladium, rhodium and gold. [ID:nLE311911] (July 14)

* Banking sources tell Reuters London-listed Kazakh miner ENRC (ENRC.L) is considering a bid for Sierra Leone-focused African Minerals (AMIq.L), which has a market capitalisation of around $699 million. [ID:nLA600120] (July 10)

* Anglo American (AAL.L) rejects nil-premium merger proposal from Xstrata (XTA.L) that would create a group worth about $73 billion. [ID:nLA342519] [ID:nLO264669] [ID:nLM97031] (June 22)

* Gold exploration company Centamin Egypt (CNT.AX) (CEY.L) seen as possible takeover target as production starts approaches. [ID:nLJ324240] (June 19)

* Vedanta Resources' (VED.L) Indian unit and iron ore miner Sesa Goa (SESA.BO) acquires assets of Goa's Dempo Group for around $368 million. [ID:nBOM345267] (June 12)

* Russian gold miner Polyus Gold PLZq.L (PLZL.MM) buys a controlling stake in KazakhGold Group Ltd (KZGq.L) in a cash and share deal worth around $269 million. [ID:nLC724856] (June 12)

* China's Minmetals acquires most of debt-laden Oz Minerals (OZL.AX) for about $1.4 billion. [ID:nSP488757] (June 11)

* Rio Tinto (RIO.L) (RIO.AX) ditches tie-up with Chinalco [ALUMI.UL] in favour of a $21 billion rights issue and joint venture with BHP Billiton (BLT.L) (BHP.AX) [ID:nSYD73514] [ID:nSP393349] (June 5)

(Compiled by Victoria Bryan and Rosalba O'Brien)



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