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...
Mining
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...
Australia’s Jervois Mining to buy Finland-based Freeport Cobalt for $160 million
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...
