Indian billionaire Anil Agarwal said on Wednesday he would buy a stake of up to $2 billion in Anglo-American but had no intention of trying to take control of the global miner. Agarwal, who has majority control of...
Vedanta to invest $10 bn on expanding business
Metals and mining conglomerate Vedanta will invest USD 10 billion in 3-4 years on expanding business across verticals, company’s Chairman Anil Agarwal said. He also said the merger of Cairn IndiaBSE 0.94 % and...
Government likely to divest upto 10 per cent in Coal India
The government plans to divest up to 10 per cent in Coal IndiaBSE -1.79 % by August, a move that will help it earn about Rs 20,000 crore at today’s prices and reduce its stake to 69 per cent. The government is likely to...
Rio Tinto Should Hold the Dividends and Buy Alcoa Instead
What’s the point of assembling mining’s best balance sheet if you’re not allowed to trash it once in a while? Rio Tinto Group has worked hard to set its house in order as the last decade’s...
Kiska Metals to be acquired by AuRico
Kiska Metals Corp: * Total value of this deal is approximately C$9.6 million * Kiska Metals Corp – under terms, holders of Kiska shares to receive about 0.0667 of Aurico common share plus c$0.016 in cash for each...
Gold Turnaround King Follows Biggest Deal With Plan for More
The mastermind behind the biggest overseas acquisition by a South African mining company for 15 years promises more to come. “There must be more expansion,” Sibanye Gold Ltd. Chief Executive Officer Neal Froneman, 56...
Hindalco considers raising $500 m via stock sale
Aditya Birla Group’s Hindalco Industries, which is the country’s largest aluminium producer, is considering raising as much as $500 million by issuing fresh shares, according to a Bloomberg news report. The news agency...
Teck to acquire 100 percent of Teena/Reward zinc project
Teck Resources Ltd * Teck to acquire 100% of teena/reward zinc project * Consideration will consist of AUD$10.6 million in cash * Teck resources Ltd – unit exercised right of the first refusal to acquire 49%...
Jindal Aluminium plans to venture into real estate business
MUMBAI: Jindal Aluminium, one of India’s largest manufacturers of aluminium extrusions, plans to venture into real estate business to monetize its 360-acre land parcels spread on the outskirts of Bengaluru, Delhi and...
Louis Dreyfus to explore stake sale in metals unit in H2 2017
Louis Dreyfus Company [AKIRAU.UL] expects to start conversations on potentially selling a stake in its metals business in the second half of 2017, Chief Executive Gonzalo Ramírez Martiarena said on Wednesday. A senior...
ZEE buys UAE’s oldest radio station Hum 106.2 FM
MUMBAI: Subhash Chandra-promoted Zee Entertainment EnterprisesBSE -0.33 % (ZEE) has acquired UAE’s Hum 106.2 FM, marking the Indian media conglomerate’s foray into radio. Launched in 1998, Hum is the UAE’s first Hindi...
India selling 7 per cent stake in miner Hindustan Copper
MUMBAI: India is selling a 7 percent stake in state-run Hindustan CopperBSE -3.90 % Ltd in stock market deals over two days to Friday, potentially raising the government Rs 4.02 billion ($60.5 million). The government...
