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...
Fieldex enters reverse-takeover deal with Copeland Biosciences
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...
