Kazakhstan’s nuclear resources company Kazatomprom said on Tuesday that Russia’s Rosatom was selling its stakes in some uranium deposits which the two groups had been developing together to Chinese-owned...
Life Insurance Corp pares 2% stake in NMDC
State-owned insurer Life Insurance Corp of India (LIC) has pared its stake in iron-ore producer NMDC Ltd by 2 per cent, according to an exchange filing. After the stake sale, LIC’s holding in the state-run iron...
Vedanta demerger moves ahead as NCLT clears way for meetings of shareholders, creditors
Mining major Vedanta Ltd on Friday said the Mumbai bench of the NCLT has asked the company to call for a meeting of its secured and unsecured creditors and shareholders in the next 90 days to discuss the proposed...
Australia’s Sayona Mining to buy US-based Piedmont Lithium
Australia’s Sayona Mining will buy U.S.-based Piedmont Lithium in an all-stock deal that will consolidate its Canadian operations and strengthen its exposure to the North American electric vehicle sector, the...
Anglo to sell 33% stake in Australian steelmaking coal assets for $1.1 billion
Anglo American has agreed to sell a 33.3% stake in a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, for A$1.6 billion ($1.1 billion). The deal marks...
Pact signed for sale of MSTC arm to Japanese firm Konoike Transport
State-run MSTC has signed a share purchase agreement with Japan’s Konoike Transport for the strategic disinvestment of its arm Ferro Scrap Nigam for ₹320 crore, the Department of Investment and Public Asset...
Saudi’s Manara in advanced talks to buy stake in First Quantum’s Zambian mines
Saudi Arabia’s Manara Minerals is closing in on a deal to buy a minority stake in Canadian miner First Quantum Minerals’ Zambian copper and nickel assets, three people familiar with the details told Reuters...
Rio Tinto goes all in on lithium with $6.7 billion Arcadium buy
Rio Tinto, has agreed to buy U.S. based Arcadium Lithium for $6.7 billion, it said on Wednesday, a deal that will catapult it to become the world’s third largest miner of the metal used in electric vehicle...
China’s Zijin Mining to buy Newmont’s Ghana gold project for $1 bln
China’s Zijin Mining Group will buy the Akyem Gold Mine Project in Ghana from U.S.-based Newmont Corp for $1 billion, the companies said on Wednesday. The sale is a part of Newmont’s ongoing programme to...
Rio Tinto in talks to buy lithium miner Arcadium, sources say
Rio Tinto, has been holding talks to buy lithium miner Arcadium, three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal...
Eros Resources to merge with Canadian mining rivals
Canadian small-scale gold miner Eros Resources would merge with rivals MAS Gold and Rockridge Resources to develop copper and gold projects in the province of Saskatchewan, the companies said on Tuesday. The Canadian...
Hindustan Zinc stake sale: Govt holds roadshows in India and abroad
The government has conducted several roadshows in the last 15 days in financial capitals like Mumbai, London, Boston and New York to assess the market and meet investors for sale of its stake in Vedanta Group firm...
