Freeport-McMoRan Inc (FCX.N) said on Wednesday it had wrapped up the $2.65 billion sale of its stake in the Democratic Republic of Congo’s Tenke mine, and the company’s chief executive said he hopes...
At e-auction, Coal India sells 35% stock at higher than listed price
KOLKATA: Coal IndiaBSE -1.32 % sold 7 million tons of coal, or 35% of the quantity on offer in an e-auction, at a floor price that was 20% higher than listed prices for non-power users. Traders, as well as power...
Gold’s Hottest Stock Sees Mergers Off the Cards as Prices Surge
The opportunity for mergers and acquisitions in gold mining has already passed as share prices surge, according to the head of the best-performing producer in the past decade. “It’s hard to see how M&A adds value to...
India selling 7 per cent stake in miner Hindustan Copper
MUMBAI: India is selling a 7 percent stake in state-run Hindustan CopperBSE -3.90 % Ltd in stock market deals over two days to Friday, potentially raising the government Rs 4.02 billion ($60.5 million). The government...
KGHM to mull takeovers only when oversees assets bring profits
KGHM : * Polish copper producer KGHM will consider further acquisitions only when profits at its current mining projects in Canada and Chile are “satisfactory” the company’s chief executive officer...
Teranga Gold says one step closer to acquisition of Gryphon Minerals
Teranga Gold Corp * Teranga gold one step closer to acquisition of gryphon minerals * Gryphon directors have unanimously recommended that Gryphon shareholders vote in favour of scheme in absence of a superior proposal *...
NMDC to buyback shares worth Rs7,528 crore
New Delhi: State-owned mining behemoth NMDC Ltd on Saturday said it will buyback over 80.08 crore shares worthRs.7,527.76 crore, most of which will go to the government. NMDC provided the information to the Bombay Stock...
Indonesian group to buy 82.2 percent of copper-gold miner for $2.6 billion
An Indonesian investor group consisting of oil and gas tycoon Arifin Panigoro and banker Agus Projosasmito will spend $2.6 billion to buy 82.2 percent of Newmont Nusa Tenggara (NNT), which operates Indonesia’s...
Sterlite ups Asarco bid by $500 m
The UK-based Vendanta Resources’ subsidiary Sterlite Industries on Thursday said it has raised its offer for the operating assets of bankrupt US copper mine Asarco by about $500 million. The revised bid will be $2...
WM group acquires Humboldt Wedag coal & minerals technology
B M Khaitan-controlled Williamson Magor (WM) group formally acquired KHD Humboldt Wedag International GmbH’s wholly owned subsidiary Humboldt Wedag Coal & Minerals Technology GmbH engaged in the business of...
Gujarat NRE may take over Rey
Gujarat NRE Minerals Ltd (GN M), Australian subsidiary of Gujarat NRE Coke, has received noobjection from the Australian Government for making an off-market takeover of Rey Resources Ltd, according to a company...
RINL set to acquire majority stake in five ailing PSUs
Setting the ball rolling for Rashtriya Ispat Nigam (RINL) to acquire majority stakes three mining companies and two others, the Steel Ministry will soon send a proposal to the Cabinet on this. The five ailing state-run...
