Aluminium Corporation of China (Chinalco) and Rio Tinto agreed to acquire a controlling stake in Companhia Brasileira de Aluminio for 4.69 billion reais ($903.61 million), the firms said on Thursday. Together, the...
Vedanta to sell up to 1.59% stake in Hindustan Zinc via OFS; sets floor price at Rs 685 per share
Vedanta Limited on Tuesday approved the sale of up to 1.59% stake representing up to 6.7 crore equity shares in its subsidiary Hindustan Zinc Limited (HZL) by way of an offer for sale (OFS). Vedanta has set the floor...
SolGold agrees to $1.2 billion takeover by top investor Jiangxi Copper
Gold and copper miner SolGold said on Wednesday it had agreed to be acquired by its largest shareholder Jiangxi Copper in a deal valuing it at 867 million pounds ($1.17 billion). The 28-pence-per-share deal represents...
JX unit sells stake in Peruvian mine to Glencore
Japan’s JX Advanced Metals on Tuesday said its Pan Pacific Copper (PPC) unit sold its entire stake in the undeveloped Quechua copper project in Peru to Swiss trader and miner Glencore for an undisclosed sum. The...
Japan’s JX says its Pan Pacific Copper unit sells stake in Peruvian mine to Glencore
Japan’s JX Advanced Metals on Tuesday said its Pan Pacific Copper (PPC) unit sold its entire stake in the undeveloped Quechua copper project in Peru to Swiss trader and miner Glencore for an undisclosed sum. The...
Australia’s Fortescue to buy remaining stake in Alta Copper, valuing it at $101 million
Australia’s Fortescue said on Monday it would buy the remaining 64% of Alta Copper, in a deal implying a total equity value of C$139 million ($101 million) for the Toronto-listed copper miner. Fortescue, through...
China’s Jiangxi Copper sweetens bid for UK-listed SolGold to $1.13 billion
SolGold said on Friday it was “minded to recommend” an improved offer from its top shareholder, Jiangxi Copper that values the gold and copper miner at about 842 million pounds ($1.13 billion), amid a global...
Reconstitution of NCLT Mumbai further delays Vedanta demerger; next hearing on November 12
The Vedanta demerger is delayed yet again as the National Company Law Tribunal (NCLT) on Wednesday deferred the matter to November 12, as the Mumbai bench, hearing the matter, has been reconstituted. The...
CCI clears Lloyds Metals’ proposal to acquire 49.99% stake in Thriveni Pellets
Fair trade regulator CCI on Tuesday cleared Lloyds Metals and Energy’s proposal to acquire a 49.99% equity stake in Thriveni Pellets Pvt Ltd. “The proposed combination involves the acquisition of 49.99% of...
Emirates Global Aluminium explores bid for Brazilian aluminium firm CBA, sources say
United Arab Emirates-based Emirates Global Aluminium (EGA) is exploring an acquisition of Companhia Brasileira de Aluminio, two sources said, as the Brazilian producer’s operations along the entire production chain have...
US to Take 10% Stake in Trilogy Metals to Unlock Alaska Mining
The US said it will take a 10% stake in Canadian minerals explorer Trilogy Metals Inc. as part of a $35.6 million investment to secure critical energy and mining projects in Alaska. In an announcement Monday, President...
NCLT defers final hearing on Vedanta demerger to Oct 8
The National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on Vedanta’s ambitious demerger proposal to October 8, as the Ministry of Petroleum and Natural Gas objected to the scheme, citing a lack...
