LONDON, Oct 5  – Below are details of recent merger and acquisition activity involving mining firms with operations in Africa.

Oct 2

Chilean copper miner Antofagasta (ANTO.L: Quote, Profile, Research) finalises deal to take 18 percent stake in Sunridge Gold Corp (SGC.V: Quote, Profile, Research), 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: Quote, Profile, Research) on possible mining joint ventures in Africa and Australia.

Sept 18

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

Sept 17

African Minerals (AMIq.L: Quote, Profile, Research) 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.

Sept 15

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

Sept 15

The chief executive of AngloGold Ashanti (ANGJ.J: Quote, Profile, Research), the world’s No. 3 and Africa’s top gold producer, says the company is cautious but open for acquisitions after gold rises above $1,000 an ounce.

Aug 27

Australian uranium miner Paladin Energy (PDN.AX: Quote, Profile, Research)(PDN.TO: Quote, Profile, Research), which has operations in its home country and Africa, is in talks with Chinese companies to strike a joint venture deal worth up to $450 million, its CEO tells Reuters.

July 27

Moto Goldmines (MGL.TO: Quote, Profile, Research) backs a takeover offer worth $504 million from African miners Randgold Resources (RRS.L: Quote, Profile, Research) and AngloGold Ashanti (ANGJ.J: Quote, Profile, Research).

July 24

South Africa’s Gold Fields (GFIJ.J: Quote, Profile, Research), the world’s No. 4 gold producer, said it would buy Dublin-based exploration company Glencar (GN2.I: Quote, Profile, Research) for 28 million pounds ($46.29 million) to profit from its mineral resource in Mali.

July 14

World number 4 platinum producer Aquarius Platinum (AQP.AX: Quote, Profile, Research) takes over Ridge Mining (RDG.L: Quote, Profile, Research), with the latter’s Blue Ridge Mine producing platinum, palladium, rhodium and gold. Source: (Reuters)

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