Cash-rich iron ore company London Mining has started trading on AIM. Shares in the company, which is considering floating its XNS Chinese subsidiary in Hong Kong, reached 206p in early trading today.
London-based metals and mining business Vedanta Resources Plc, through its subsidiary Sesa Goa, has acquired the Goan mining assets of Dempo Group for $368 million (£225 million).
OAO Severstal (Severstal), a metals and mining company with assets in Russia and in North America, has announced that its Severstal Resources mining division has acquired a 61.5 per cent stake in African Iron Ore Group (AIOG).
AIM-listed miner Petra Diamonds has acquired a 75 per cent stake in Tanzania's Williamson diamond mine from Chevlot Holdings, a unit of De Beers, for US$10 million (£5.7 million).
Norway-based mining business Nordic Mining has strengthened its foothold in Finland, with the acquisition of a 68 per cent stake in Finnish lithium mining company Keliber Oy for €4 million (£3 million) in cash and shares.
