BG Group acquires 90% of Pure

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Natural gas giant BG Group has acquired 90 per cent of the capital in Australia's Pure Energy Resources.

As part of a transaction worth approximately AUD$200 million, London Stock Exchange-listed BG will pay AUD$8.25 per share for Pure.

The deal has been agreed after Arrow, another Australian energy firm, decided to sell its 20.6 per cent stake in Pure to BG.

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Elsewhere, London Mining and its US-based partner Wits Basins Precious Metals have agreed to acquire the Chinese resources groups Nanjing Sudan Mining and Maanshan Xiaonanshan.