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...
Chilean court rejects lawsuit to block SQM stake sale to Tianqi
Chile Constitutional Court on Thursday rejected a lawsuit to block Chinese miner Tianqi’s purchase of a stake in Chilean lithium miner SQM, clearing the way for the transaction to close. In a majority ruling, the court...
JSW Steel takes over Dolvi Minerals and Metals for Rs 109 crore
JSW Steel has taken over Dolvi Minerals and Metals by buying the remaining 60% of its share capital for Rs 109 crore, the company informed the stock exchange on Wednesday. With 40% already owned by JSW Steel earlier...
Barrick Gold is in late-stage talks to buy Randgold Resources -source
Canada’s Barrick Gold Corp (ABX.TO) is in late-stage talks to acquire Randgold Resources Ltd (RRS.L), which operates mines in Africa, a person familiar with the matter said on Sunday. A deal is expected to be announced...
BHP buys into Ecuador copper project with $35 million SolGold stake
Global miner BHP (BHP.AX) has agreed a $35.2 million deal for a 6.1 percent stake in SolGold PLC (SOLG.L), giving it a share in the promising Cascabel copper-gold project in Ecuador after missing out in an earlier...
Lenders file insolvency case against diamond firm Shrenuj
Century-old diamond house Shrenuj and Co., which had the late Maharani Gayatri Devi of Jaipur as its brand ambassador, is facing insolvency proceedings. State-owned Bank of India has approached the bankruptcy court...
