BEML Ltd is firming up tie-ups with two foreign companies for setting up joint manufacturing facilities in India. Besides, the state-owned company has also called for global expressions of interest (EOIs) for more tie...
Gold M&A back on the agenda as coronavirus restrictions ease
A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund...
Coal India arm to see viability of merger of NTPC’s two mines in Chhattisgarh
Coal India’s consultancy arm CMPDIL has been roped in by NTPC to make separate mining plans for Banai and Bhalumuda coal mines in Chhattisgarh with an aim to maximise the extractable reserves by merging operations...
Australia’s New Century takes aim at Vale’s New Caledonia assets
Australia’s New Century Resources Ltd said on Tuesday it was in talks with Brazilian miner Vale SA to buy its nickel and cobalt operations on the Pacific island of New Caledonia. Vale said it received non-binding offers...
Anil Agarwal in talks with banks to raise up to $2.5 bln for Vedanta delisting
Vedanta Ltd’s promoter Anil Agarwal is in talks with several banks to tie up loans worth $2.0 billion-$2.5 billion to help finance the delisting offer of Vedanta. On 12 May, Vedanta Resources, the promoter entity...
Tianqi Lithium parent to sell 6% stake in struggling Chinese firm
China’s Tianqi Lithium Corp, one of the world’s biggest lithium producers, said on Monday its controlling shareholder planned to sell around a sixth of its holding, which could raise more than $200 million in much...
Adani, Essar, Reliance Industries participate in CIL’s CBM pre-bid meeting
Coal India’s Jharia block holds CBM reserves of 25 billion cubic metres and is expected to start production two years after it is initiated. The project is estimated to cost Rs 3000 crore. Adani, Essar and...
Gold miner SSR to buy Alacer in $1.7 billion deal as bullion prices surge
Canadian precious metals producer SSR Mining said it would to buy Alacer Gold in an all-stock deal valued at C$2.41 billion ($1.72 billion), adding heft as gold prices surge due to demand for the yellow metal in an...
Albemarle expresses interest in Tianqi’s stake in Greenbushes lithium mine
Albemarle Corp said on Thursday it was interested in buying all or part of Tianqi Lithium Corp’s controlling stake in Australia’s Greenbushes, the world’s largest lithium mine. Already the world’s largest producer of...
Copper smelter Aurubis gets EU approval for Metallo takeover
Europe’s biggest copper smelter Aurubis won European Union antitrust approval on Monday for its planned 380 million euro ($412 million) acquisition of Belgian-Spanish metal recycling group Metallo, the European...
As bond yields shoot to 60% on Vedanta Resources, MFs look to sell Indian subsidiary
Weakness in outlook for commodity sector and fears due to metals producer Vedanta Resources Ltd’s balance sheet strength seems to have spooked buyers of the company’s corporate bond paper. Yields on Vedanta...
Aurubis to win EU approval for Metallo takeover – sources
Europe’s biggest copper smelter Aurubis is set to win EU antitrust approval for its planned 380 million euro ($412 million) acquisition of Belgian-Spanish metal recycling group Metallo, people familiar with the matter...
