India is considering selling as much as a 2 per cent stake in Hindustan Zinc Ltd. in a transaction that could raise up to ₹5,000 crore ($525 million), according to people familiar with the matter. The Department of...
Mining
Elliott takes A$1 billion stake in Australia’s Northern Star, calls for strategic review
Shares in Australia’s Northern Star Resources jumped on Tuesday after activist investor Elliott Investment Management disclosed an over A$1 billion ($714.60 million) stake and called for it to launch a strategic...
Govt to sell up to 2% stake in Coal India via OFS from Wednesday
The government will sell up to 2 per cent stake in Coal India through an offer for sale at a floor price of ₹412 apiece beginning Wednesday. The sale of up to 2 per cent stake or about 12.32 crore shares at ₹412 apiece...
Russia fails again to sell stake in gold miner UGC
Russia has failed for a second time to auction the stake in gold producer Uzhuralzoloto (UGC) that it seized last year, the federal property management agency said on Tuesday, dealing a blow to the government as it...
Russia fails to sell stake in gold miner UGC as no one bids at auction
The Russian state failed to auction a stake in gold producer Uzhuralzoloto (UGC) it had seized last year, a state auction website showed on Monday, saying that no one had submitted a bid. A Russian court ruled last...
Anglo American to sell Australian coal mines for up to $3.9 billion
Anglo American said on Monday it will sell its steelmaking coal mines in Australia to UK-based miner Dhilmar for up to $3.88 billion, exiting the sector and simplifying itself ahead of a planned merger with...
Mahanadi Coalfields gets govt nod for IPO; Coal India to dilute up to 25% stake
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...
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...
