ArcelorMittal, the world’s biggest steelmaker, has completed its Rs 2,350-crore acquisition of Odisha Slurry Pipeline Infrastructure after paying lenders the full principal amount, securing a crucial asset for its newly...
U.S. rare earths miner MP Materials to go public in $1.47 billion deal
U.S. rare earths miner MP Materials will go public in a $1.47 billion deal by merging with a private-equity backed blank-check company, underscoring Wall Street’s rising interest in efforts to boost production of the...
Board of Canada’s Cornerstone rejects BHP-backed SolGold’s offer for second time
The board of Cornerstone Capital Resources Inc on Tuesday rejected BHP-backed SolGold Plc’s takeover offer for the second time, saying it undervalued the Canadian copper and gold miner. “For the second time, the Board...
Nord Gold SE launches takeover bid for Cardinal Resources
Nord Gold SE on Wednesday offered to buy all shares in Ghana-focused gold miner Cardinal Resources Ltd it does not already own, valuing the Australian-listed company’s equity at A$347 million ($243 million). The UK...
GFG Alliance is keen on acquiring more stressed assets from India: Sanjeev Gupta
The Gupta Family Group Alliance, led by UK-based Sanjeev Gupta, is keen on investing and acquiring more stressed assets in the metals and mining space in India. The group entered the country earlier this year, acquiring...
BHP-backed SolGold makes second attempt on Canada’s Cornerstone
BHP-backed SolGold Plc, the copper-gold company focused on Ecuador, is making a second attempt to take over Canada’s Cornerstone Capital Resources, whose largest shareholder said the approach is likely to be rebuffed...
BHP puts Australian thermal coal mine up for sale: sources
The world’s largest mining company BHP Group has hired Macquarie Bank and JP Morgan to sell its Australian thermal coal mine, three sources said, as miners face increasing pressure to reduce their exposure to fossil...
BHP Group hires JP Morgan to sell Australian thermal coal mine: sources
The world’s largest mining company BHP Group has hired U.S. investment bank JP Morgan to sell its Australian thermal coal mine, following pressure from investors concerned about global warming, two sources said...
Brazil miner Vale to sell stake in nickel producer to Indonesia’s Inalum
Brazil iron ore miner Vale SA said on Friday in a securities filing that its Canadian subsidiary had reached an agreement to sell a 20% stake in the nickel producer PT Vale Indonesia to state-controlled PT Indonesia...
China’s Shandong Gold to buy Ghana-focused Cardinal Resources for $221 million
Shandong Gold Mining Co, one of China’s biggest gold producers, said on Thursday it would buy Ghana-focused miner Cardinal Resources Ltd for around A$321 million ($221 million) in cash. The deal continues a recent...
Barrick Gold sells majority stake in China’s Shandong for $210 million
Canadian gold producer Barrick Gold said on Tuesday it sold a partial stake in Shandong Gold Mining Co for $210 million, profiting off a rise in share price of the Chinese gold miner. Gold stocks have been steadily...
Govt not to hive off Coal India arm CMPDIL, say unions
Coal India’s union leaders say they have been assured by the government that the company’s exploration, planning and design arm will not be hived off. They said the government is looking at the possibility of making...
