Australian miner Jervois Mining said on Tuesday it would buy Finland-based Freeport Cobalt for $160 million in a deal that could make it the second-largest cobalt producer outside China. The miner said the acquisition...
Zambia court halts liquidation proceedings over Vedanta Resources mines
A Zambian court has stayed hearing by a state-appointed provisional liquidator for splitting up Vedanta Resources’ Konkola Copper Mines (KCM) unit and selling the assets. The stay on KCM liquidation proceedings...
Australia’s Sayona Mining gets court nod for Canadian lithium firm acquisition
Australian lithium producer Sayona Mining said on Wednesday it received Canadian court approval to buy Quebec-based peer North American Lithium (NAL), sending its shares 16% higher. The company and U.S.-based Piedmont...
Rusal to complete demerger of higher carbon assets in early 2022
Russian aluminium producer Rusal is expected to complete the demerger of its higher-carbon assets into a separate company in the first quarter of 2022, its head of strategy Oleg Mukhamedshin told Reuters. Hong-Kong...
Tata Steel Mining declared successful resolution applicant for Rohit Ferro-Tech
Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday. Tata Steel Mining Limited is a wholly-owned...
UK rejects $234 million bailout request for Sanjeev Gupta’s GFG
The UK government rejected a request from Sanjeev Gupta’s GFG Alliance for a 170 million-pound ($234 million) bailout as it struggles to stay afloat following the collapse of its biggest lender. The plea was rebuffed...
Centre seeks early Supreme Court ruling on Hindustan Zinc stake sale
The Union government on Monday requested the Supreme Court for an early decision in a five-year-old writ petition challenging the offloading of government equity in Hindustan Zinc (HZL) and said pendency of the petition...
Pimco rules out future Adani Ports investment on controversial Australia coal project
Pacific Investment Management Co., which is seeking to decarbonize its investment portfolio, has stopped participating in the bond offerings of Adani Ports & Special Economic Zone Ltd. because of its links to a...
Anil Agarwal pledges stake to sweeten deal for Vedanta Ltd
Anil Agarwal, billionaire founder of the Vedanta Group, has pledged his stake in a cash-rich Indian unit to help sweeten terms for a takeover attempt that’s key to his debt-repayment plans. London-based Vedanta...
Polish miner KGHM looking to sell two U.S. copper assets – sources
Poland’s state-run mining company, KGHM, plans to sell its Robinson and Carlota copper mines in the United States and reinvest the proceeds in its domestic operations, two banking sources told Reuters. KGHM, one of...
Endeavour pivots to exploration to shake ‘M&A junkie’ image after deal spree
Canadian gold firm Endeavour Mining, which is preparing for a London listing late next quarter, is switching its focus to integrating new mines after a $2.7 billion acquisition spree in West Africa last year spooked...
Ahead of open offer for India unit Vedanta Ltd, firm plans bond sale
Vedanta Resources Ltd. has mandated banks to arrange investor meetings ahead of a potential bond sale, as the firm conducts an open offer for its main listed unit. Vedanta Resources Finance II Plc, a subsidiary of...
