Gold miner Genesis Minerals said it was in talks with larger rival St Barbara Ltd to consolidate operations in the Leonora district of resource-rich Western Australia. A potential combination would give Genesis control...
Vedanta mulls demerger of some businesses with separate listing & leadership
Billionaire Anil Agarwal-led Vedanta Ltd is evaluating a demerger of its aluminium, iron & steel and oil & gas businesses, which will be run as standalone listed entities with separate leadership in what it...
Kolkata’s Atha Group to exit clean energy biz; in talks to sell 365 MW assets
Kolkata-based mining and minerals group Atha plans to exit their clean energy business by selling 365 MW assets spread across seven states. The proposed deal is likely to value the assets at an enterprise value of...
NMDC board approves up to ₹1,378 crore buyback plan
State-owned NMDC on Wednesday said its board has approved a share buyback proposal of up to ₹1,378 crore. In a BSE filing, the company said the decision was taken at a meeting of its board on Tuesday. “The board...
K+S signs agreement for $3.2 billion sale of Morton Salt business
K+S has signed an agreement to sell its North and South American salt business to Stone Canyon Industries Holdings and affiliates for $3.2 billion, the German minerals miner said in a statement on Monday. Shares in K+S...
Erris buys 50% stake in German lithium project from Bacanora
Erris Resources plc and Bacanora Lithium are in the “advanced stages” of a reverse takeover under which Erris will acquire Bacanora’s 50% stake in Deutsche Lithium GmbH in exchange for new shares in...
K+S shortlists billionaire, private equity for Morton Salt sale: sources
German minerals miner K+S has shortlisted hedge fund billionaire James Simons’ family office as well as private equity firms for a sale of its $2 billion Morton Salt business, people familiar with the matter said. K+S’s...
Vedanta implementing resolution plan for acquisition of FACOR
The decks have been cleared for Vedanta Ltd’s acquisition of Ferro Alloys Corporation Limited (FACOR). In a notification to the BSE on Friday, the Anil Agarwal-led resources major said it is implementing the...
Rio Tinto scraps plans for Canadian iron ore unit sale, floatation – WSJ
Anglo-Australian miner Rio Tinto PLC has cancelled plans for the sale or floatation of its Canadian iron ore business, following unsuccessful attempts to find buyers, the Wall Street Journal reported on Sunday. Rio...
Strategic sale of BEML, NMDC unit accelerates
With a poor show so far on disinvestment, the government has identified a clutch of PSUs that would go on the block in the coming months even as it faces major challenges in the wake of FPI outflow and depressed...
Pilbara Minerals takes lithium mine stake off table, slices sales forecast
Pilbara Minerals Ltd on Tuesday took a stake in its Australian lithium mine off the market, cut its sales forecast and curbed spending plans amid a downturn in the market for the battery raw material. The Western...
Tianqi says happy ‘for now’ with stake in SQM: president
Tianqi Lithium Corp is happy for now with its stake in rival SQM and is working to deepen business ties with the Chilean lithium producer, the Chinese company’s president said on Monday. Tianqi last December bought a 23...
