JSW Steel Limited has been declared as the Preferred Bidder for three iron ore mines with an estimated resource of around 92.97 million metric tonnes (MMT) in the auctions held by the government of Karnataka in July...
China Moly takes full control of ex-Dreyfus metals unit for $518 million
China Molybdenum Co, majority owner of a huge copper-cobalt mine in the Democratic Republic of Congo, said on Thursday it had completed the acquisition of all of IXM, formerly the metals business of trading house Louis...
NCLAT stays liquidation process against Adhunik Metaliks
The National Company Law Appellate Tribunal (NCLAT) has stayed the liquidation process against corporate debtor Adhunik Metaliks. This follows an appeal by Liberty House group. The latter had emerged the successful...
Thyssenkrupp inks pact with Gainwell to strengthen market presence in India
Thyssenkrupp Industries India today announced that it has entered into an exclusive distribution agreement with Gainwell, a leading distributor for construction, mining and power solutions having a strong presence in...
Vedanta plans to invest ₹35,000 crore in metals biz
Natural resources conglomerate Vedanta Ltd will invest nearly half of its three-year capital expenditure plan of₹55,000 crore in its metals business, chairman Navin Agarwal said, undaunted by the decline in their prices...
EU objects to Hindalco’s plan to buy aluminum producer Aleris Corp
Kumar Mangalam Birla’s Hindalco Industries will have to tackle European anti-trust objections on its plan to buy aluminum producer Aleris Corp. to expand as a supplier to the car industry. Novelis said the European...
Fieldex enters reverse-takeover deal with Copeland Biosciences
Fieldex Exploration Inc said on Monday it will acquire Copeland Biosciences through a reverse takeover of the Canadian mineral exploration firm by Copeland and its shareholders, which will involve a three-cornered...
Aurubis buys recycler Metallo in move beyond copper
Aurubis, Europe’s biggest copper smelter, said on Wednesday it had agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million) as part of an acquisition-led shift into other metals...
NMDC mulls acquiring 100 percent stake in its Aussie arm-Legacy Iron
State-owned NMDC Limited is mulling owning 100 per cent stake in Australian arm Legacy iron by acquiring the remaining 24 per cent shares and delisting it from the Australian Stock Exchange (ASX), a senior official of...
Aleris deal on course despite EU roadblock, says Hindalco’s Pai
Despite the European Commission suspending the deadline to clear Novelis’ takeover of Aleris, Hindalco Industries, the Indian parent of Novelis, is confident that the acquisition will be completed on schedule. In an...
Aurelia Metals in talks to buy Glencore copper mine in Australia
Australian miner Aurelia Metals Ltd on Friday said it was in talks about a possible acquisition of Glencore’s CSA copper mine in the state of New South Wales. That comes after copper producer Aeris Resources Ltd earlier...
Newmont shareholders OK $10 billion Goldcorp takeover, creating biggest gold producer
Newmont Mining shareholders on Thursday approved the company’s $10 billion takeover of Goldcorp Inc which is set to create the world’s biggest gold producer with assets across the Americas, Africa and Australia. About...
