M & A - B2Gold and CGA merger completed

The merger between B2Gold Corporation and CGA Mining has been completed with all issued shares of CGA being acquired by the Vancouver-based company. B2Gold now owns three operating mines - two in Nicaragua and one in the Philippines - as well as a strong portfolio of development and exploration assets in Nicaragua, Colombia, Namibia and Uruguay.

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M & A - Sembawang makes Macmahon offer unconditional

An unconditional $35 million offer from Sembawang Australia is being considered by the Macmahon Holdings Board and will be put to shareholders this week. The offer to purchase the company’s construction projects is $5.4 million higher than Leighton Holdings’ bid and at the top of independent consultant’s Ernst & Young’s ‘fair value’ range.

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MONGOLIA - $3 billion Tavan Tolgoi IPO on hold

Financial difficulties have forced Mongolian coal developer Erdenes Tavan Tolgoi (ETT) to put its $3 billion initial public offering (IPO) on hold for 2013. The company says it is looking to renegotiate a supply deal with Chinese state-owned Aluminium Corporation (Chalco) and will also accept a government fund of $350 million to help pay out the contract and repay its debts on the delayed 7.5 billion tonne development.  1

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MONGOLIA - First approval for Nuurst mining licence

Modun Resources says a mining licence for its Nuurst project should be granted by April after the Mineral Resources Authority of Mongolia (MRAM) approved conversion of the project’s exploration licence to a mining permit.  1

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