Tuscany International Drilling Inc successfully closed its previously announced acquisition of all of the issued and outstanding shares of a private Brazilian drilling and work-over company (Brazilco), together with seven drilling rigs and two work-over rigs located in Brazil, for a cash purchase price of US$52 million.
The Acquisition was funded using a portion of the [...]

Ardent Mines Limited has acquired Gold Hills Mining Ltda., a Brazilian corporation which owns mineral rights on four properties located in Northeastern Brazil, comprising a total area of approximately 3,500 Hectares.
The properties are collectively known as the “Serra do Ouro” project.  The Gold Hills properties are located in Teixeira County, in the State of Paraiba, [...]

Revolver Resources Inc. has entered into an agreement with Oculus Mining S.A., relating to a reverse takeover transaction, for which Revolver proposes to acquire all of the issued and outstanding securities of Oculus from Oculus shareholders.
The Transaction is expected to be effected by way of share purchase agreement in which Revolver will acquire all of [...]

Terreno Resources Corp. is to acquire, from a private vendor, 100% of the Jatuarana Phosphate Project, the Nova Olinda Potash Project and the Manaus Bauxite Project, all located in Amazonas State, Brazil. The transaction is subject to certain due diligence conditions and to approval by the TSX Venture Exchange.
Philip Williams Terreno Resources Corp. President and [...]

Cleveland Mining Company Ltd has acquired the 1,000km2 “Porto Grande” iron ore project in the Brazilian state of Amapá. The large, Greenfields tenement package is bounded by iron ore projects held by Anglo American and Cliffs Natural Resources, Brazilian super miners Mineração e Metalicos S.A and Vale.
Under the terms of the purchase agreement, Cleveland will [...]

Standard Gold Mines Plc has acquired 100% of Mining Finance Limited and its wholly owned operating subsidiary, Sao Pedro Mines (U.K.) Limited including its 25 year mining concession, licenses and business. It holds the mining rights to a 600 hectare ‘open pit’ gold mine, San Pedro Mineracao LTDA, located in Paracatu, Minas Gerais, in Brazil.
Standard [...]

Bullion Monarch Mining, Inc. Tuesday announced it has acquired the Niquelândia bauxite project located near the town of Niquelândia, in the Brazilian state of Goiás. Bullion has scheduled an estimated exploration budget of US$1.5 million to be invested in the first year of the project.
Bullion said Geologists believe the deposit to be located at surface [...]

After its unsuccessful bid for a majority stake in Riversdale Mining, Australian mining giant Rio Tinto is reportedly in talks to acquire shares of Brazil’s Cia Siderurgica Nacional, reported The Australian. Rio Tinto had offered AU$3.9 billion for Riversdale, aiming to bolster its coking coal assets with an extensive deposit in Mozambique.
According to the Australian, [...]

Avanco Resources announced it has completed an investment agreement on a transaction that provides Avanco 100% of an extensive tenement package adjacent to the Rio Verde Project. The new tenement hosts an extremely prospective 14km long copper trend, a major motivator for Avanco’s significant increase and widening of the Rio Verde drill program. Additional rigs [...]

Bullion Monarch Mining Inc. Thursday announced the acquisition of Dourave, a private mining and exploration firm based in Brazil. The acquisition is a share for share exchange. Under the agreement for the investment, Bullion will issue 5 million shares of Bullion Monarch Mining Inc. for all of the shares of Dourave. Other than that, Bullion [...]