International Mining & Infrastructure Corporation has agreed in principle to acquire Cameroon-focused iron ore development group Afferro for £126mln. Investors are being offered 80 pence in cash – a 9.9 pence premium to last night’s share price – along with a lone note worth the equivalent of 40 pence a share.

Tonight the Proactive big top pitches up in Manchester as we showcase another batch of exciting junior companies.

The week kicks off this evening at the Midland Hotel, Peter Street, Manchester with a hydrocarbon forum at 6pm.

AIM dealmaker David Lenigas is tipping Afriag, his new African vehicle, for success.

Gold, silver and antimony miner Mandalay Resources promises to pay 6% of net future revenues in dividends

The decision by Beowulf to relinquish some permits at Ruoutevare and concentrate on its flagship assets at Kallak was a dispassionate decision based on where the company can deliver the biggest punches for its pounds. The tide may be out at the moment for iron ore miners, but it will come back, says Beowulf's boss, Clive Sinclair-Poulton.