The Union Cabinet on Wednesday approved the sale of the government’s residual 29.58 per cent stake in Hindustan Zinc Ltd, which at current prices would fetch over Rs 38,000 crore to the exchequer, sources said...
AMC to buy stake in gold-and-silver mining company Hycroft
AMC Entertainment Holdings Inc. is buying 22% of a Nevada-based miner of gold and silver, venturing away from its core movie-theater operations as it adapts to a post-Covid-19 world. AMC said in a statement it would...
Rio Tinto offers $2.7 billion for remaining stake in Turquoise Hill
Rio Tinto PLC offered to pay roughly $2.7 billion to buy out minority shareholders in Turquoise Hill Resources Ltd., which controls a giant copper-mining operation in Mongolia, a bet on copper being in high demand. Rio...
We have no plans to merge Vedanta Limited with parent company: Anil Agarwal
There are no plans to merge Vedanta Limited with its London-based indebted parent Vedanta Resources, billionaire Anil Agarwal said on Wednesday, a day after his company scrapped its proposed restructuring plans that had...
Vedanta drops restructuring plan, board finds present structure ‘optimal’
Vedanta Limited said that it has dropped its restructuring plans which involved hiving off and listing three of its businesses after its board found the present structure to be “optimal”. The company had in November...
Vedanta calls media report on merger with UK parent speculative, misleading
Shares of Vedanta were trading marginally lower in Thursday’s trade after the metals & mining company denied reports of having discussions with prospective advisors on the idea of merging the parent company...
Vedanta demerger call by March-end: Anil Agarwal
Metals and mining group Vedanta Ltd will announce the contours of a proposal to spin off key businesses into separate listed companies by March-end, its chairman Anil Agarwal said, as he looks to simplify and streamline...
Noront Resources plans to negotiate with Wyloo on raised buyout offer
Canadian miner Noront Resources Ltd said on Tuesday it plans to negotiate directly with Australian billionaire Andrew Forrest’s Wyloo Metals on the company’s raised buyout offer. Wyloo, Noront’s top...
Wyloo raises offer for nickel miner Noront after talks end with BHP
Australian billionaire Andrew Forrest’s Wyloo Metals on Monday raised its offer for Canadian nickel producer Noront Resources Ltd shortly after failing to come to an agreement to support a rival bid by BHP Group...
Nickel Mines to buy 70% stake in Indonesia project for $525 mln
Australia’s Nickel Mines Ltd said on Wednesday it would acquire a 70% stake in the Oracle Nickel project in Indonesia in a $525 million deal, as it sets its eyes on becoming a global top-10 producer of the...
Nalco, Hind Copper strategic sale plans may soon land on Cabinet table
The disinvestment department is expected to soon seek cabinet clearance for the strategic sale of National Aluminium Co Ltd (NALCO) and Hindustan Copper Ltd (HCL), people familiar with the development told ET. Demand is...
Kirloskar Ferrous acquires 51.25% stake in ISMT, makes an open offer at Rs 30.84 to public
Kirloskar Ferrous Industries, a subsidiary of BSE listed Kirloskar Oil Engines, has acquired a 51.25% equity stake in listed steelmaker ISMT Ltd triggering a 25 % open offer for shares from the public, according to...
