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...
Metal
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...
Vedanta shareholders approve merger with Cairn India
LONDON: Mining major Vedanta Resources said on Tuesday that its shareholders have approved the merger of group companies Vedanta Ltd. and Cairn IndiaBSE 1.08 %. “Vedanta Resources announces that at its general...
Alcoa, Alumina settle dispute, revise joint venture
Alcoa Inc and its Australian partner, Alumina Ltd, have settled a dispute and agreed to make changes to their joint venture, removing an obstacle to Alcoa’s plan to split into two companies. The changes simplify...
Teck announces acquisition of securities of Jet Gold
Teck Resources Ltd : * Teck announces acquisition of securities of jet gold * Acquired 8,333,333 common shares, of Jet Corp and a $389,117 principal amount convertible debenture of Jet Gold Corp * Jet gold issued...
