Russia’s En+ Group has raised its stake in aluminium giant Rusal to 56.88% after completing an asset swap with Glencore, part of a deal that has helped companies controlled by Russian tycoon Oleg Deripaska to ward off U...
‘Cabinet approved disinvestment of stake in NINL, not NMDC’
NMDC Chairman and Managing Director N Brijendra Kumar on Friday said that the Union Cabinet has approved disinvestment of stake of six public sector units (PSUs) in Neelachal Ispat Nigam Ltd, and not that of NMDC...
Cabinet gives in-principle nod to strategic sale of Neelachal Ispat
The government on Wednesday in-principle approved strategic sale of Neelachal Ispat Nigam Ltd (NINL) by allowing six PSUshareholders to sell their stake in the steel company. A decision in this regard was taken in the...
Coal India invites bids for Rs 1,176 crore heavy earth moving equipment
Coal India has invited bids for supply, installation and commissioning of six electrical walking dragline along with spares and consumables with one-year warranty and additional spares & consumables for 10 years...
Vedanta to raise up to Rs 2,000 cr through non-convertible debentures
Vedanta Ltd on Sunday said it proposes to raise up to Rs 2,000 crore via issuance of non-convertible debentures (NCDs). “We would like to inform you that the company proposes to offer rated, secured, redeemable...
China Minmetals ends pursuit of Yunnan Tin
State-owned China Minmetals Corp has ended talks with the southwestern province of Yunnan about taking control of the world’s top tin producer Yunnan Tin, according to a stock exchange filing on Monday. Yunnan Tin had...
Australia’s Prospect Resources in talks to sell stake, lithium supply to Russia’s Rosatom
Australian lithium developer Prospect Resources Ltd said on Thursday it has signed a memorandum of understanding with a unit of Russia’s Rosatom that could see the latter buy a stake in Prospect as well as supplies of...
Aurubis hopes to sell rolled copper division in 2020
Aurubis AG, Europe’s biggest copper producer, is in advanced talks to sell its flat rolled products (FRP) division and hopes to agree a deal in 2020, CEO Roland Harings said on Wednesday. Hamburg-based Aurubis is also...
Odisha Slurry Pipeline bidding hots up as Thriveni offers Rs 4,000 crore
Tamil Nadu-based Thriveni Earthmovers has raised the ante in its bid to acquire Odisha Slurry Pipeline Infrastructure (OSPIL) with an upgraded offer of Rs 4,000 crore, as against Rs 2,350 crore being offered by...
Odisha Slurry lenders pick ArcelorMittal bid
Lenders to Odisha Slurry Pipeline Infrastructure are favouring ArcelorMittal’s Rs 2,350-crore cash bid to take over the company over a higher but long-drawn offer from Tamil Nadu-based Thriveni Earthmovers, three people...
EU launches probe into Aurubis acquisition of Metallo
European Union antitrust regulators have opened an in-depth investigation into German copper giant Aurubis’s planned acquisition of Belgian-Spanish recycling firm Metallo Group, they said on Tuesday. The commission will...
Aditya Birla Group expects Aleris deal to close by 21 January
Aditya Birla Group’s Novelis Inc., which is facing an anti-trust lawsuit in the US over its acquisition of Aleris Corp., expects to close the deal by 21 January—the outside date under the original merger agreement, said...
