The Indian government has approved the proposal for the listing and disinvestment of Mahanadi Coalfields Limited (MCL), paving the way for the coal producer’s potential stock market debut through an initial public...
Mining
Equinox Gold to acquire Orla Mining, creating $18.5 billion Canada-focused gold producer
Equinox Gold said on Wednesday it would acquire Orla Mining in an all-stock deal to create a North American gold producer worth about $18.5 billion. U.S.-listed shares of Orla Mining rose 3.4% in premarket trading. A...
Rio Tinto considers raising stake in Argentina’s Los Azules copper project, sources say
Rio Tinto, is evaluating the economic potential of McEwen Copper’s giant Los Azules project in Argentina as the mining group considers increasing its 17.2% stake in the development, two industry sources said. Los...
India likely to divest stake worth $1.06 billion in state-run Coal India, CNBC-TV18 reports
The Indian government is likely to divest a 3%-4% stake worth 100 billion rupees ($1.06 billion) in state-run miner Coal India via the offer-for-sale route, broadcaster CNBC-TV18 reported on Thursday, citing...
JAL Case: NCLAT reserves ruling on Vedanta plea
The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order on Vedanta’s two petitions challenging the selection of Adani Enterprises bid to acquire debt-ridden Jaiprakash Associates Ltd...
JAL insolvency case: Lenders flag ‘leak’ that may have aided Vedanta bid
In a fresh twist in the insolvency proceedings of Jaiprakash Associates Ltd (JAL), the Committee of Creditors (CoC) on Monday told the appellate tribunal that a possible information leak may have prompted Vedanta Ltd to...
Vedanta was never declared highest bidder for Jaiprakash Associates: RP to NCLAT
The resolution professional of debt-ridden Jaiprakash Associates Ltd (JAL) told the National Company Law Appellate Tribunal (NCLAT) that there has been no formal declaration identifying Vedanta as the highest bidder in...
Yancoal Australia to buy 80% stake in Kestrel coal mine for up to $2.4 billion
Yancoal Australia said on Tuesday it has agreed to acquire an 80% stake in the Kestrel coking coal mine in Queensland for up to $2.4 billion, a move that strengthens its position as one of the country’s largest...
NCLAT adjourns hearing on Vedanta plea against selection of Adani’s bid for JAL
The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned its hearing over mining giant Vedanta Group’s petitions against the selection of Adani Enterprises’ bid for debt-ridden Jaiprakash...
Vedanta alleges Jaiprakash bid process was ‘tailor-made’ for Adani despite its higher offer
Billionaire Anil Agarwal-led Vedanta Ltd told the bankruptcy tribunal that the bidding process in the Jaiprakash Associates Ltd insolvency case was “tailor-made” by lenders to favour the Adani Group. Vedanta’s counsel...
Rio Tinto’s US boron assets draw interest from bidders, Bloomberg News reports
Rio Tinto’s, U.S. assets that produce the critical mineral boron have drawn interest from more than a dozen potential bidders and could be valued as much as $2 billion, Bloomberg News reported on Friday, citing...
Ex-Rio Tinto CEO’s deep-sea mining firm to merge with Odyssey in $1 billion deal
A deep-sea mining firm led by former Rio Tinto CEO Tom Albanese will merge with Odyssey Marine Exploration in a $1 billion all-stock deal aimed at building one of the world’s largest portfolios of underwater...
