State-owned China Minmetals Corp has ended talks with the southwestern province of Yunnan about taking control of the world’s top tin producer Yunnan Tin, according to a stock exchange filing on Monday. Yunnan Tin had...
Australia’s Prospect Resources in talks to sell stake, lithium supply to Russia’s Rosatom
Australian lithium developer Prospect Resources Ltd said on Thursday it has signed a memorandum of understanding with a unit of Russia’s Rosatom that could see the latter buy a stake in Prospect as well as supplies of...
Aurubis hopes to sell rolled copper division in 2020
Aurubis AG, Europe’s biggest copper producer, is in advanced talks to sell its flat rolled products (FRP) division and hopes to agree a deal in 2020, CEO Roland Harings said on Wednesday. Hamburg-based Aurubis is also...
Odisha Slurry Pipeline bidding hots up as Thriveni offers Rs 4,000 crore
Tamil Nadu-based Thriveni Earthmovers has raised the ante in its bid to acquire Odisha Slurry Pipeline Infrastructure (OSPIL) with an upgraded offer of Rs 4,000 crore, as against Rs 2,350 crore being offered by...
Odisha Slurry lenders pick ArcelorMittal bid
Lenders to Odisha Slurry Pipeline Infrastructure are favouring ArcelorMittal’s Rs 2,350-crore cash bid to take over the company over a higher but long-drawn offer from Tamil Nadu-based Thriveni Earthmovers, three people...
EU launches probe into Aurubis acquisition of Metallo
European Union antitrust regulators have opened an in-depth investigation into German copper giant Aurubis’s planned acquisition of Belgian-Spanish recycling firm Metallo Group, they said on Tuesday. The commission will...
Aditya Birla Group expects Aleris deal to close by 21 January
Aditya Birla Group’s Novelis Inc., which is facing an anti-trust lawsuit in the US over its acquisition of Aleris Corp., expects to close the deal by 21 January—the outside date under the original merger agreement, said...
Coal India Ltd plans binding bids for coking coal assets
Coal India plans to submit binding bids for acquiring stakes in coking coal assets in Australia and Canada by March 2020. The firm is in the process of appointing merchant bankers for the assets it has identified. The...
Russia’s Mechel to pay $461 million for stake in Elga coal project: sources
Russian steel and coal producer Mechel agreed to pay around 30 billion roubles ($461 million) for Gazprombank’s 34% stake in the Elga coal project, two sources familiar with the matter told Reuters on Thursday. Elga is...
European Commission clears Novelis’s acquisition of Aleris
Aluminium rolling and recycling company Novelis Inc., a wholly owned subsidiary of Hindalco Industries Ltd, said on Tuesday that the European Commission has approved its proposed acquisition of US-based Aleris Corp, a...
IBBI moves SC with plea to start criminal proceedings against Liberty House
The Supreme Court has agreed to hear on Tuesday a plea moved by the Insolvency and Bankruptcy Board of India (IBBI) in which the insolvency regulator has sought go-ahead to initiate criminal proceedings against Liberty...
Strategic sale of BEML, NMDC unit accelerates
With a poor show so far on disinvestment, the government has identified a clutch of PSUs that would go on the block in the coming months even as it faces major challenges in the wake of FPI outflow and depressed...
