Canada will submit the proposed merger of Anglo American and Teck Resources to a national security review, Industry Minister Melanie Joly said on Wednesday. Joly also said Ottawa would come to a final decision in the...
BHP walks away from last stab at Anglo American takeover
BHP on Monday pulled back from a last-ditch effort to buy Anglo American and bolster its dominance in copper, just two weeks before shareholders at Anglo and Canada’s Teck Resources were set to vote on a $60...
Barrick Mining considers splitting into two entities, sources say
The board of Canada’s Barrick Mining has raised the possibility of splitting the company into two separate entities, one focused on North America and the other on Africa and Asia, four sources familiar with the...
NCLT Mumbai reserves order on Vedanta’s demerger proposal; petroleum ministry cites concerns
The Mumbai bench of the National Company Law Tribunal reserved its order in the matter of the proposed Vedanta demerger, which India’s petroleum and natural gas ministry has opposed. “We heard both the parties. The...
Reconstitution of NCLT Mumbai further delays Vedanta demerger; next hearing on November 12
The Vedanta demerger is delayed yet again as the National Company Law Tribunal (NCLT) on Wednesday deferred the matter to November 12, as the Mumbai bench, hearing the matter, has been reconstituted. The...
Angola bids for majority stake in De Beers, source says
Angola has bid for a majority stake in Anglo American unit De Beers, a source familiar with the matter told Reuters on Friday, setting up a potential standoff with neighbouring Botswana which is also seeking control of...
SNB sells Rio Tinto stake in new divestment from extractive industries
The Swiss National Bank has sold its stake in Anglo-Australian miner Rio Tinto, adding to a series of recent divestments from companies in extractive industries, LSEG data shows. Unsere (Our) SNB, a collection of...
Caterpillar to acquire Australia’s RPMGlobal for $728 million
Australian mining software firm RPMGlobal said on Monday that it has struck a deal to be acquired by heavy machinery giant Caterpillar for a total equity value of A$1.12 billion ($728.22 million). The news comes after...
CCI clears Lloyds Metals’ proposal to acquire 49.99% stake in Thriveni Pellets
Fair trade regulator CCI on Tuesday cleared Lloyds Metals and Energy’s proposal to acquire a 49.99% equity stake in Thriveni Pellets Pvt Ltd. “The proposed combination involves the acquisition of 49.99% of...
US to Take 10% Stake in Trilogy Metals to Unlock Alaska Mining
The US said it will take a 10% stake in Canadian minerals explorer Trilogy Metals Inc. as part of a $35.6 million investment to secure critical energy and mining projects in Alaska. In an announcement Monday, President...
Gold miners Predictive Discovery, Robex to merge in $1.5 billion deal
Australian miner Predictive Discovery and Canada’s Robex Resources said they will merge in a A$2.35 billion ($1.55 billion) all-share deal, creating a mid-tier gold producer in West Africa. Under the deal, Robex...
Barrick to sell Tongon mine in up to $305 million deal
Barrick Mining said on Monday it will sell its interests in the Tongon gold mine and certain assets in Ivory Coast to Atlantic Group for up to $305 million as the Candian miner looks to strengthen its balance sheet...
