Deal-making fever is taking longer than expected to reach the junior end of the mining market. But it's only a matter of time before the long-awaited consolidation gains momentum.
AIM-listed investor Platinum Diversified Mining has bought International Consolidated Minerals, a Latin American-focused mining and exploration company, in a reverse takeover.
Cambrian Mining plc, a London-based mining company, has increased its portfolio of assets in Canada after buying Falls Mountain Coal from Pine Valley Mining.
Metals Exploration, an investor in the precious and base metals sector, has acquired the remaining 15% of Philippines-based FCF Mining Corporation for A$9.1 million (£3.87 million).
Guests at AIM-quoted Tanzanite One's results reception at Tower Bridge the other evening had more to celebrate than the Bermuda-domiciled company's trebled annual profits.
Mikhail Abyzov, boss of Russia's second largest coal company Kuzbassrazrezugl, has pre-empted Richard Budge's plan for a stock market comeback by buying his Powerfuel vehicle.
Having secured just £1.87 million of an originally hoped for £4 million, via a HB Corporate-advised placing, minerals explorer Stratex International is set to make its AIM debut on Wednesday 4 January.
