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...
Mining
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...
Japan’s Mitsubishi Materials to sell aluminium business to U.S. fund
Japan’s Mitsubishi Materials Corp said on Thursday it will sell its aluminium business, used for beverage cans and automotive parts, to U.S. investment fund Apollo Global Management for an undisclosed sum...
Vedanta promoters buy 138.6 mn shares in Vedanta Ltd at Rs 349.7 per share
Promoters of Anil Agarwal-led Vedanta Limited, Twin Star Holdings Limited and Vedanta Netherlands Investments BV, today bought 138.6 million shares of the company at Rs 349.7 a share, according to bulk deals data of...
Spinoff of key businesses not to impact credit quality of Vedanta Resources: Moody’s
Mumbai-listed Vedanta Ltd’s proposal to spin off key businesses into separate listed companies is unlikely to affect the credit quality of the firm’s parent Vedanta Resources Ltd, Moody’s Investors...
Government to sell residual stake in Hindustan Zinc Limited
The government will sell its stake in HZL following the Supreme Court’s decision on Thursday, a senior official said. All options of disinvestment including open market sale will be considered. “The...
Vedanta mulls demerger of some businesses with separate listing & leadership
Billionaire Anil Agarwal-led Vedanta Ltd is evaluating a demerger of its aluminium, iron & steel and oil & gas businesses, which will be run as standalone listed entities with separate leadership in what it...
Govt invites bids from asset valuers for strategic sale of FSNL
The finance ministry on Thursday invited bids from asset valuers to assist the government in the strategic sale of Ferro Scrap Nigam Ltd (FSNL). FSNL, a miniratna CPSE under the administrative control of the steel...
