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FACTBOX - Consolidation in the mining industry

LONDON
Fri Jul 17, 2009 8:30am EDT

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LONDON (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.

* African miners Randgold Resources (RRS.L) and AngloGold Ashanti (ANGJ.J) team up to make a cash-and-shares bid worth $488 million (300 million pounds) for Moto Goldmines MGL.TO. (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. (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. (July 14)

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

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

* Gold exploration company Centamin Egypt (CNT.AX) (CEY.L) seen as possible takeover target as production starts approaches. (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. (June 12)

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

* China's Minmetals acquires most of debt-laden Oz Minerals (OZL.AX) for about $1.4 billion. (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) (June 5)

(Compiled by Victoria Bryan and Rosalba O'Brien)



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