State-owned Hindustan Copper Ltd clarified on the divestment buzz that Vedanta is looking to buy government’s stake in the company, saying the reports appear factually incorrect. “We are not aware of any...
BHP lifts takeover offer for Canadian nickel miner Noront to $339 million
BHP Group on Wednesday topped a takeover offer for Canadian nickel miner Noront Resources by billionaire Andrew Forrest’s Wyloo Metals earlier this week, as the two miners vie for the key battery metal used in electric...
Vedanta plans to invest $20 billion; eyes selloff of BPCL among others
Vedanta group chairman Anil Agarwal has said his companies are looking to invest around $20 billion in India, possibly during the privatisation of BPCL, Shipping Corporation and Hindustan Copper. “We are...
Drummond asks Colombia to force Glencore to sell stake in Fenoco railway
U.S. coal miner Drummond has asked Colombia’s commerce regulator to force competitor Glencore to sell its stake in a shared railway to prevent what Drummond alleges is potential for Glencore to disadvantage other...
Australia’s Sandfire Resources to buy Spanish copper miner MATSA for $1.87 billion
Sandfire Resources Ltd said on Thursday it would buy the Minas De Aguas Teñidas (MATSA) mining complex in Spain for $1.87 billion, a move that would turn it into one of Australia’s largest copper-focused metal producers...
Govt to sell up to 10% in Hindustan Copper, to fetch Rs 1,100 crore
The government will sell up to a 10% stake in Hindustan Copper Ltd through an offer for sale starting Thursday. The offer is primarily for 5% and the government can retain bids for another 5% under the greenshoe option...
Canadian miner Teck considers sale, spinoff of $8 billion coal unit – Bloomberg News
Teck Resources Ltd is exploring options for its metallurgical coal business, including a sale or spinoff that could value the unit at as much as $8 billion, Bloomberg News reported on Tuesday, citing sources. Large...
FLSmidth’s acquisition of Thyssenkrupp mining unit to exclude India ops
The acquisition of Thyssenkrupp’s mining activities by Denmark’s FLSmidth, a deal announced in July, will not include Thyssenkrupp’s operation in India, FLSmidth said on Monday. The value of the deal would be reduced by...
Australia’s IGO in talks to buy nickel miner Western Areas
Australian miner IGO Ltd said on Thursday it was in preliminary talks to acquire nickel miner Western Areas Ltd, as it raises its footprint in battery materials after buying a lithium stake earlier this year. Shares of...
Kolkata’s Atha Group to exit clean energy biz; in talks to sell 365 MW assets
Kolkata-based mining and minerals group Atha plans to exit their clean energy business by selling 365 MW assets spread across seven states. The proposed deal is likely to value the assets at an enterprise value of...
FLSmidth agrees to buy Thyssenkrupp’s mining unit
Denmark’s FLSmidth on Thursday said it had agreed to buy Thyssenkrupp’s mining equipment division in a deal valuing the unit at 325 million euros ($386 million), sending its shares down more than 7%. Analysts cited...
Mining giant BHP offers to buy Canada’s Noront Resources for $258 mln
BHP Group has made a C$325 million ($258.45 million) approach for Noront Resources, rivaling an offer from Australian mining billionaire Andrew Forrest’s Wyloo Metals for the Canadian nickel-copper miner. The...
