Australia’s biggest gold producer, Newcrest Mining Ltd, said on Tuesday it would buy the rest of Pretium Resources Inc in a deal that values the Canadian miner at $2.8 billion. Newcrest has offered Pretium’s...
Mining
BHP nears $1.25 billion deal to sell controlling stake in two coal mines
BHP Group Ltd. is nearing a deal to sell its controlling interest in two metallurgical coal mines to Australian coal miner Stanmore Resources Ltd. for about $1.25 billion, according to people familiar with the matter...
Brazil’s Vale sells minority stake in Mosaic for $1.26 billion – filing
Brazilian miner Vale SA has sold a minority stake in fertilizer producer Mosaic Company for $1.26 billion, according to a securities filing on Friday. Vale said the sale was made through a secondary share offering and...
Vedanta to divest copper mine in Australia
Vedanta Ltd on Wednesday said its arm Monte Cello BV (MCBV) has entered into a term-sheet agreement to divest Mt Lyell Copper Mine in Australia. MCBV is the 100 per cent owner of the Mt Lyell Copper Mine, a small copper...
Pilbara Minerals finalises deal with POSCO for S.Korea lithium facility
Pilbara Minerals Ltd said on Tuesday it had finalised a joint venture agreement with steel giant POSCO to develop a lithium hydroxide conversion facility in South Korea, sending the Australian miner’s shares more...
Hindustan Copper rejects reports of Vedanta eyeing govt stake in company
State-owned Hindustan Copper Ltd clarified on the divestment buzz that Vedanta is looking to buy government’s stake in the company, saying the reports appear factually incorrect. “We are not aware of any...
BHP lifts takeover offer for Canadian nickel miner Noront to $339 million
BHP Group on Wednesday topped a takeover offer for Canadian nickel miner Noront Resources by billionaire Andrew Forrest’s Wyloo Metals earlier this week, as the two miners vie for the key battery metal used in electric...
Vedanta plans to invest $20 billion; eyes selloff of BPCL among others
Vedanta group chairman Anil Agarwal has said his companies are looking to invest around $20 billion in India, possibly during the privatisation of BPCL, Shipping Corporation and Hindustan Copper. “We are...
Drummond asks Colombia to force Glencore to sell stake in Fenoco railway
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...
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...
