JOHANNESBURG, May 27 (Reuters) – Harmony Gold, South Africa’s top gold producer by volume, has agreed to buy Australian miner Mac Copper Ltd in a deal worth $1.03 billion as it steps up a diversification into copper...
Vedanta expects demerger to complete by Sept-end: CFO Ajay Goel
Anil Agarwal-led Vedanta Ltd expects to complete the demerger of its businesses by the September-end, according to a top company official. The company had earlier said it has pushed back its demerger by a quarter to...
Australia’s Alkane to merge with Canada’s Mandalay in $358 million acquisition
Australia’s Alkane Resources will acquire Canada’s Mandalay Resources in an all-share deal valued at A$559.1 million ($357.8 million), the companies said on Monday, creating a combined diversified gold and...
Barrick Gold sells Alaska mine stake to John Paulson, NovaGold for up to $1.1 billion
Canada’s Barrick Gold said on Tuesday it will exit the Donlin Gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion. The Donlin Gold project is a...
US investor Cameron offers $5 billion for Kazakh mining giant, ERG says no sale talks
U.S. businessman James Cameron has offered to buy mining giant Eurasian Resources Group for $5 billion, a letter he sent to its board showed, as the company prepares to participate in a major expansion of...
Vedanta looks to go for four-way business split
Metals maven Anil Agarwal-owned Vedanta is considering trimming its proposed demerger into four units, from the originally planned six and later reduced to five, after a corporate tribunal blocked the spin-off of its...
Peabody Energy reviews options for $3.78 billion deal for Anglo American’s assets
Peabody Energy said on Tuesday it was reviewing all options related to its $3.78 billion acquisition agreement with Anglo American for some of its Australian steelmaking coal assets after an ignition event at a mine...
BHP considered spinning off iron ore, coal divisions
The world’s biggest listed miner BHP Group considered spinning off its Australian iron ore and coal divisions as part of a medium-term growth strategy, three sources with knowledge of the matter told Reuters. As...
Mitsui to buy $5.3 billion stake in Rio Tinto iron ore project
Japanese trading house Mitsui & Co said on Wednesday it would acquire a 40% stake in the Rio Tinto-operated, Rhodes Ridge iron ore project in Western Australia for $5.34 billion, to strengthen its long-term earnings...
Brazil’s Ethanol King Sells $1.5 Billion Vale Stake to Cut Debt
Billionaire Rubens Ometto’s conglomerate Cosan SA is giving up its stake in mining giant Vale SA, ending its bet on a mining investment in order to pay down debt. Cosan sold 173 million shares in a deal worth nearly 9...
Rio Tinto and Glencore discussed merger but talks no longer active, source says
Glencore approached Rio Tinto, late last year about combining the two big copper producers but the discussions are no longer active, a person familiar with the matter said. The talks between Rio, the world’s No. 2...
February creditor meet key to Vedanta demerger plan
If the creditors of natural resources major Vedanta go ahead with their plan of giving consent for the company’s proposed demerger at a meeting next month, it will be a major step paving the way for the listing of the...
