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...
POSCO to buy lithium mining rights in Argentina from Australia’s Galaxy
South Korean steelmaker POSCO on Monday said it had signed a deal to buy lithium mining rights in Argentina from Australia’s Galaxy Resources for $280 million. POSCO said in a statement that it would also build a...
Brazil’s Usiminas seeks to sell stake in miner Musa: source
Brazilian steelmaker Usinas Siderurgicas de Minas Gerais, known as Usiminas, has hired Banco BTG Pactual SA to sell its 70 percent stake in its mining company, one person with knowledge of the matter said on Thursday...
Coal India’s share sale plans eclipse bright outlook for FY19
After a reasonably good start to the first quarter, Coal India Ltd’s outlook for the rest of the fiscal year also looks bright. Demand from the power sector is expected to be strong. Coal stocks at power plants are low...
ORL may merge 2 unlisted arms with itself
Orient Refractories (ORL) plans to merge its two unlisted subsidiaries – RHI India and RHI Clasil – with itself for better operational efficiency and simplify holding structure. All three companies are part...
Government may divest up to 10 per cent stake in Coal India
The Centre is likely to divest 5% to 10% of Coal India’s equity through an offer for sale in an effort to comply with the norm requiring listed companies to have at least 25% public shareholding. The company management...
Indonesia’s Inalum secures $5.2 billion financing for Freeport deal: sources
Indonesia’s state-owned miner Inalum has secured $5.2 billion in financing from 11 foreign and local banks, according to sources with knowledge of the matter, to be used in part to buy a majority stake in the Grasberg...
Vedanta chairman offers $1 billion to take Indian miner private
Chairman Anil Agarwal’s family trust plans to offer around $1 billion in cash to take London-listed Vedanta Resources Plc private, the Indian company said, as it grapples with the aftermath of deadly protests at home...
