An Indonesian coal deal led transactions in the metals and mining space during the week ended Sept. 2.

Indonesia-based PT Radhika Jananta Raya entered into a definitive agreement to acquire a 30% stake in Indonesian coal mine operator PT Golden Energy Mines Tbk from GMR Coal Resources Pte. Ltd. for $420.0 million. Under the deal, GMR Coal Resources will receive a deferred consideration, which will be based on mutually agreed milestones.

Canada-based Orea Mining Corp. agreed to acquire the remaining 55.01% stake in the Montagne d'Or gold project in French Guiana from Nord Gold PLC for $76.5 million. At deal closing, Orea Mining will control 100% of Montagne d'Or.

Maverix Metals Inc. acquired a portfolio of 22 royalties — including royalties on development, advanced exploration and exploration stage projects mostly in Canada, the U.S. and Australia — from Barrick Gold Corp. for $60.0 million. Maverix Metals paid $50 million in cash and will make a payment of up to $10 million depending on certain conditions.

Gold Royalty Corp. agreed to acquire from Barrick Gold and Newmont Corp. joint venture Nevada Gold Mines LLC a 10% net profits interest royalty on the Granite Creek mine, a 2% net smelter return royalty on the Bald Mountain gold mine and a 1.25% net smelter return royalty on the Bald Mountain joint venture zone for $27.5 million.

Rounding out the top five transactions of the week, Whitehorse Gold Corp. agreed to acquire the Porvenir project in Bolivia from undisclosed sellers for $1.8 million. Meanwhile, Stannum Metals Corp. also signed an agreement to acquire Porvenir Tin Co. from three shareholders for $1.8 million.

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