Australian iron ore miner Atlas Iron (AGO.AX) on Friday endorsed a A$390 million ($287 million) buyout from billionaire Gina Rinehart’s Hancock Prospecting, taking the mining heiress closer to gaining greater access to...
BHP-Mitsubishi JV to sell Australia coal mine to Japan’s Sojitz
Global miner BHP Billiton (BHP.AX) said on Wednesday that its joint venture with a unit of Mitsubishi Corp (8058.T) would sell a coal mine in Queensland in Australia to Japan’s Sojitz Corp (2768.T) for A$100 million...
Rio Tinto in talks for $3.5 billion Grasberg copper stake sale
Global miner Rio Tinto Ltd (RIO.AX) confirmed on Wednesday it was in discussions to sell its interest in the world’s second largest copper mine to Indonesia’s Inalum for $3.5 billion. No agreement has been reached and...
Anglo looks to sell Peru copper stake to Japanese firms: sources
Anglo American (AAL.L) is likely to sell up to 30 percent of its multi-billion dollar Peruvian copper project Quellaveco to Japanese entities, including Mitsubishi, which already own part of it, three sources familiar...
Contura, Alpha to merge, creating largest U.S. met coal producer
Contura Energy Inc (CNTE.PK) and Alpha Natural Resources Holdings Inc (APNR.PK) said on Monday they agreed to merge, creating the largest U.S. producer of metallurgical (met) coal, used in steelmaking, and reuniting the...
Rio Tinto exits coal with $2.25 billion Kestrel sale
Global miner Rio Tinto sold its remaining coal mine in Australia for $2.25 billion, making good on a pledge to exit the fuel and boosting its ability to fund future buybacks or higher dividends. The sale of Rio’s stake...
Rio Tinto eyes tie-up with Chhattisgarh miners, execs meet CM in Australia
Rio Tinto, one of the world’s leading mining companies, will explore the possibilities of associating with Indian miners to expand its mining operations in mineral-rich Chhattisgarh. The delegation from Chhattisgarh led...
NMDC disinvestment: Institutional buyers offer bids of Rs976 crore
Institutional investors put in bids worth Rs976 crore on Tuesday for buying government’s part stake in state-owned miner NMDC. The government had originally planned to sell 1.5% stake in the company, with a green-shoe...
Govt to divest 1.5% in NMDC today at Rs153.5 per share
The government will tomorrow begin sale of 1.5% stake in NMDC at a floor price of Rs153.50 apiece, with an option to retain over-subscription of equal quantum. The two-day offer for sale (OFS) will open for...
CIL looking to buy stakes in overseas coking coal mines
The government today said state-owned Coal IndiaBSE 0.37 % is hunting potential avenues for buying stakes in coking coal blocks overseas. In a written reply to Lok Sabha, Coal Minister Piyush Goyal said, “CIL...
Nalco eyes African countries for strategic mineral assets
National Aluminium Company (Nalco), along with Mineral Exploration Corporation Ltd (MECL) and Hindustan Copper Ltd (HCL), would hunt for strategic mineral assets in South Africa and other African countries. The three...
Australia’s Aurizon in talks to buy debt-saddled coal port
Australian coal rail operator Aurizon Holdings (AZJ.AX) said on Monday it was in talks to buy the Wiggins Island Coal Export Terminal (WICET) in Queensland, which urgently needs to restructure $3 billion in debt. A...
