National Aluminium Company (Nalco) dipped 7% to Rs 68.30 on BSE in early morning trade after the government stake sale of up to 10% in the aluminium company through an offer for sale (OFS) begins today. The company has...
Runaya Metsource to form precision applications JV with Rusal
Runaya Metsource, funded by Vedanta Group’s ‘principal shareholders’, and Russian aluminium billionaire Oleg Deripaska’s Rusal are creating an equal joint venture for precision applications, such as rocket fuels, solar...
Vedanta’s Anil Agarwal not eying Anglo American assets in South Africa
The chairman of Indian miner Vedanta Resources said on Wednesday he had no plans to buy assets in South Africa from Anglo American or push for a board seat after announcing plans to buy a 13 percent stake in the mining...
Cairn-Vedanta merger gets all approvals except from RBI
Natural resources major Vedanta said on Tuesday it has received all approvals for its merger with subsidiary energy firm Cairn India, except the Reserve Bank of India’s (RBI) permission for issuing redeemable...
Anil Agarwal defends Vedanta’s move to buy stake in Anglo American
Metals-to-mining magnate Anil Agarwal has explained his decision to acquire a majority stake in international mining company Anglo American, a move that surprised analysts earlier this week. “I like Anglo’s...
Why did Anil Agarwal buy a part of $23 billion Anglo American
Billionaire metals maven Anil Agarwal made a surprise bid for as much as 13% of British mining giant Anglo American Plc for $2.4 billion, a move that will give him a foot in the door of the $23-billion conglomerate...
Indian billionaire Anil Agarwal to invest up to $2 billion in Anglo American
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...
