Aluminium major National Aluminium Company Ltd (Nalco) has teamed up with two more central PSUs- Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL)- to explore acquisition options through a joint...
Cargill sells U.S. metals ops to Japan’s Metal One as boosts focus on food
Global commodities trader Cargill Inc [CARG.UL] said it has agreed to sell its U.S. metals business to Japan’s Metal One Corp, its latest move to boost its focus on higher-margin food and agricultural businesses. A deal...
Hindalco earmarks $3 billion for overseas acquisitions
Aditya Birla Group has earmarked at least $3 billion for acquisitions in its aluminium business Hindalco Industries Ltd, at least two people aware of the development said. The funds will be used to acquire assets in the...
Vedanta to invest Rs 50,000 cr on India business expansion: Anil Agarwal
Metals and mining conglomerate Vedanta Resources has plans to invest around Rs 50,000 crore on business expansion in India in coming years, its Chairman Anil Agarwal said today. He also expressed hope that the...
Kumar Mangalam Birla looks for possible merger with Constellium, Aleris Corp.
Indian billionaire Kumar Mangalam Birla is evaluating possible bids for Constellium NV and Aleris Corp. as his conglomerate seeks to grow its aluminum operations overseas, people with knowledge of the matter said...
Vedanta sees golden opportunity to buy Deccan Gold Mines
Just months after launching an audacious raid to buy into rival London miner Anglo American, Vedanta Resources is betting on gold, an area which is relatively new for the Anil Agarwal-promoted company. Vedanta has...
Vedanta to raise up to $1 billion in dollar bonds
Metals magnate Anil Agarwal’s Vedanta Resources would raise up to $1 billion in dollar bonds in the second such issue in six months, harnessing global liquidity to pare high-cost debt and build an expansion kitty ahead...
Hindustan Copper Limited signs MoU Mishra Dhatu Nigam Limited
Hindustan Copper Limited (HCL), the country’s largest integrated copper producer under mines ministry, has signed a Memorandum of Understanding (MoU) with Mishra Dhatu Nigam Limited (MIDHANI), a central public...
Govt asks Vedanta to make a buyback offer for Cairn’s 9.8% stake
The government has asked Vedanta to make a buyback offer for Cairn UK’s 9.8 per cent equity in the company, attached by the tax department for non-payment of dues. The Anil Agarwal-led company is yet to get back to the...
Vedanta’s dream has just begun; to invest $6-7 billion: Anil Aggarwal
Working on creating a natural resources giant anchored in India, Vedanta’s dream has only just begun and it will invest USD 6-7 billion on expanding overall capacity in 3-4 years, metals and mining baron Anil...
Vedanta to set up steel plant in Jharkhand in JV with JSMDC
A steel plant would soon come up at Manoharpur in West Singhbhum district, Jharkhand Chief Minister Raghubar Das said here today. The Vedanta group and Jharkhand Mineral Development Corporation (JSMDC) would jointly set...
Liberty House bids to buy iron ore assets in Minnesota
British metals group Liberty House is bidding to buy U.S.-based Mesabi Metallics Co LLC and ESML Holding Inc, as it seeks to boost its presence in North America. The bid is being made by GFG Alliance, a group that...
