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...
Jindal buys S.Africa Kiepersol coal mine
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...
