Fieldex Exploration Inc said on Monday it will acquire Copeland Biosciences through a reverse takeover of the Canadian mineral exploration firm by Copeland and its shareholders, which will involve a three-cornered...
Coal India board to consider share buyback on Monday
State-owned CIL announced that its board will meet on Monday to consider and approve buyback of shares of the company. “Board meeting of the company is scheduled on Monday, the February 4, 2019 interalia to...
Coal India in talks with Gail, IOC for CBM JVs
Coal India NSE 0.47 % is in talks with Gail India and IOC for joint ventures to develop coal bed methane fields and sell the product. Coal India has already lined up investments to the tune of Rs 3,000 crore for its...
Singapore’s GEAR fails to win bid for Stanmore Coal
Singapore’s Golden Investments said on Wednesday that it will seek a board position at Australia’s Stanmore Coal Ltd (SMR.AX) as its biggest shareholder, despite the failure of a A$240 million ($171 million) takeover...
PNB drags Binani to NCLT as subsidiary Edayar Zinc fails to repay loan
In a major development, state-run lender Punjab National Bank has dragged Binani Industries to the National Company Law Tribunal (NCLT) as its subsidiary Edayar Zinc has committed default in repayment of the outstanding...
Indonesia coal miner Bayan completes $163.7 million buy back of Kangaroo Resources
Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) has completed the acquisition of its Australian-listed unit Kangaroo Resources Limited (KRL.AX) in a transaction worth A$226.4 million ($163.7 million), it said in...
EU’s largest coking coal producer seeks growth through acquisitions
The European Union’s largest coking coal producer JSW (JSW.WA) could increase output by between 2.5 and 3 million tonnes per year by acquiring assets, far exceeding its current plan to grow production to 18 million...
Govt sells 2.21% stake in Coal India to CPSE ETF
The government has sold 2.21 per cent stake in state-owned CIL to the CPSE ETF which is managed by Reliance Nippon Life Asset Management Ltd, according to a regulatory filing. “The President of India, acting...
Vale to buy mid-sized iron miner Ferrous Resources: filing
Brazilian miner Vale SA, the world’s top nickel producer, is acquiring the control of Ferrous Resources Ltd., its controlling shareholder Icahn Enterprises LP said in a securities filing. Ferrous, which explores iron...
Barrick shareholders set to approve Randgold acquisition: sources
Barrick Gold (ABX.TO) shareholders have voted overwhelmingly in favor of the Canadian miner’s $6.1 billion acquisition of Africa-focused Randgold Resources (RRS.L), three people familiar with the preliminary vote count...
Govt sells 3.18% in Coal India, to get Rs 5,300 crore
The government on Thursday sold 3.18% stake in Coal India, in the first big ticket disinvestment of current fiscal, which will fetch Rs5,300 crore to the exchequer. Retail investors lapped up 6.19 crore shares or 1.56...
Disinvestment: Coal India OFS may fetch Centre Rs 15,000 crore
Anxious to give disinvestment process the much-needed momentum, the Centre on Tuesday announced sale of up to 9% stake (558.66 million shares) in Coal India (CIL). At the floor price of Rs 266 apiece, the exercise could...
