India’s Jindal Steel & Power, part of the Jindal Group, has bought the Kiepersol thermal coal mine in South Africa, industry sources said on Friday. The deal marked the first completed purchase of a coal mine...
Allmineral GmbH of Germany sets up JV in India
Germany based Allmineral GmbH & Co. K.G; a global player in mineral beneficiation technology has entered into a joint venture agreement with Kolkata-based Jyotirmoyee International Pvt Ltd [JIPL] for setting up a...
Rey buyout to complete in 5 months: Guj NRE Coke
Gujarat NRE Coke, a leading coking coal producer, which has offered to buy 90 per cent equity in Australian coal exploration firm Rey Resources is looking to complete the hostile takeover by the end of this year...
Asarco creditors support Sterlite bid
Committee of unsecured creditors mobilises members; says the offer outscores others. Asarco’s unsecured creditors will support Sterlite Industries, the flagship firm of London-listed Vedanta group, in the bidding...
Vedanta investing Rs 600 cr in Sesa Goa
Sesa Goa, which on Thursday announced it was buying the mining assets of the Dempo group for Rs 1,750 crore, will raise Rs 600 crore through a preferential allotment of shares to Vedanta Resources plc, its parent...
Sesa Goa buys Dempo Mining for Rs 1,750 cr
The Rs 5,000-crore iron ore mining major, Sesa Goa, has acquired another Goa-based iron ore mining company – Dempo Mining Corporation for Rs 1,750 crore. Dempo Mining, a wholly-owned subsidiary of V S Dempo...
Sesa Goa to buy Dempo’s mining assets for Rs 1,750 cr
Sesa Goa, a Vedanta Group company, has agreed to acquire the mining assets of Dempo Group for Rs 1,750 crore in an all-cash deal. The assets include mining leases, rights and related infrastructure in Goa. Sesa Goa on...
Sesa Goa acquires Dempo Group’s Goa Mining Assets
Sesa Goa Ltd has informed BSE that pursuant to the approval of Board of Directors of the Company at its meeting held on June 11, 2009, the Company has signed a definitive Share Purchase Agreement under which Sesa has...
NMDC to acquire majority stake in KIOCL
National Mineral Development Corporation (NMDC) will acquire a majority stake in the troubled KIOCL (formerly Kudremukh Iron Ore Co Ltd). Addressing his first press conference since becoming the Union Minister of Steel...
Gujarat NRE eyes Rey Resources in hostile bid
In a bid to broad-base company activities and access new coal resources, Gujarat NRE Minerals (GNM), the Australian subsidiary of Gujarat NRE Coke, is aiming to acquire an Australian Securities Exchange (ASX)...
