Aluminium major National Aluminium Company Ltd (Nalco) has teamed up with two more central PSUs- Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL)- to explore acquisition options through a joint...
BHP denies it has agreed to sell Samarco stake to Vale
BHP Billiton on Tuesday denied commentary in a Brazilian newspaper that it has agreed to sell its stake in the Samarco iron ore mine to its partner Vale. The Samarco mine has been shut since November 2015, when a dam...
Yancoal gets OK to on-sell 16.6 percent of some Rio coal assets
Yancoal Australia has been cleared by its Chinese parent, Yanzhou Coal Mining, to sell 16.6 percent of the key assets of Rio Tinto’s Coal & Allied division, once its completes the $2.69 billion Coal &...
Washington Companies in talks to buy Canada’s Dominion Diamond: sources
Canada’s Dominion Diamond Corp (DDC.TO), the world’s third-largest diamond producer by market value, is in advanced and friendly talks with The Washington Companies on a sweetened cash takeover bid, sources...
NITI Aayog proposes break-up of Coal India into seven firms
India should split the seven units of state-controlled Coal India Ltd into independent companies to make it more competitive, the government’s policy think-tank said on Tuesday in a draft of a new energy policy...
Vedanta to invest $1 bn more in FY18, says CEO
Tom Albanese, CEO of Vedanta Ltd and London-listed Vedanta Resources Ltd, is optimistic that the good days of metal and oil companies are finally here which would see the returns on investments to go up in the current...
Vale’s board approves top shareholder proposal for reorganization
Vale SA’s (VALE5.SA) board approved on Thursday a definitive swap ratio of 0.9342 common share per preferred stock as part of a plan to transform the world’s No. 1 iron ore producer into a company with...
Mahanadi Coalfields approves Rs1,617 crore share buyback plan
The board of Mahanadi Coalfields Ltd has agreed to release Rs1,617.06 crore in cash through a share buyback, almost Rs600 crore more than it had agreed to release in June last year, Coal India Ltd (CIL) said on...
Glencore agrees $960 million copper and cobalt deal with Fleurette
Glencore has increased its hold on Democratic Republic of Congo’s copper and cobalt resources by buying the remaining stake in the Mutanda mine from resource group Fleurette and increasing its share in Katanga for...
Government likely to divest upto 10 per cent in Coal India
The government plans to divest up to 10 per cent in Coal IndiaBSE -1.79 % by August, a move that will help it earn about Rs 20,000 crore at today’s prices and reduce its stake to 69 per cent. The government is likely to...
Gold Miners Burned by Bad Deals Are Again Rushing to M&A
It’s been a dirty word in the gold-mining industry for the last three years, but now companies can’t stop saying it: growth. Top executives are on the hunt for mergers and acquisitions, and focusing on exploration as...
Gold Turnaround King Follows Biggest Deal With Plan for More
The mastermind behind the biggest overseas acquisition by a South African mining company for 15 years promises more to come. “There must be more expansion,” Sibanye Gold Ltd. Chief Executive Officer Neal Froneman, 56...
