Saudi Arabia’s Manara Minerals is closing in on a deal to buy a minority stake in Canadian miner First Quantum Minerals’ Zambian copper and nickel assets, three people familiar with the details told Reuters...
Rio Tinto goes all in on lithium with $6.7 billion Arcadium buy
Rio Tinto, has agreed to buy U.S. based Arcadium Lithium for $6.7 billion, it said on Wednesday, a deal that will catapult it to become the world’s third largest miner of the metal used in electric vehicle...
China’s Zijin Mining to buy Newmont’s Ghana gold project for $1 bln
China’s Zijin Mining Group will buy the Akyem Gold Mine Project in Ghana from U.S.-based Newmont Corp for $1 billion, the companies said on Wednesday. The sale is a part of Newmont’s ongoing programme to...
Rio Tinto in talks to buy lithium miner Arcadium, sources say
Rio Tinto, has been holding talks to buy lithium miner Arcadium, three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal...
Eros Resources to merge with Canadian mining rivals
Canadian small-scale gold miner Eros Resources would merge with rivals MAS Gold and Rockridge Resources to develop copper and gold projects in the province of Saskatchewan, the companies said on Tuesday. The Canadian...
Hindustan Zinc stake sale: Govt holds roadshows in India and abroad
The government has conducted several roadshows in the last 15 days in financial capitals like Mumbai, London, Boston and New York to assess the market and meet investors for sale of its stake in Vedanta Group firm...
Govt approves sale of FSNL to Japan’s Konoike Transport Co for Rs 320 crore
The government on Thursday approved the privatisation of Ferro Scrap Nigam Ltd (FSNL) to Japanese corporation Konoike Transport Co Ltd for Rs 320 crore. Under the Steel Ministry, FSNL is a 100 per cent subsidiary of...
Demerger of Vedanta likely by end of FY25: Top official
The demerger of mining conglomerate Vedanta Ltd’s key businesses, including aluminium, into separate listed companies is expected by the end of FY25, a top official of the company said on Wednesday. Vedanta Ltd...
NCLAT asks RP to bring on record e-mail sent to successful bidder Sarda Energy seeking clarification
The NCLAT on Wednesday directed the resolution professional of SKS Power Generation to submit and bring on record the e-mail sent to the successful bidder, Sarda Energy and Mining on May 8, 2023, seeking clarifications...
Consol Energy, Arch Resources strike merger deal to create $5 billion coal mining giant
Arch Resources will merge with Consol Energy in an all-stock deal to create a North American coal mining giant valued at more than $5 billion. There has been a lack of investment in new coal mines amid tight emission...
Vedanta to sell 2.6% stake in Hindustan Zinc via OFS
Metals and mining major Vedanta Ltd on Tuesday announced that its committee of directors has approved the sale of up to 11 crore shares or 2.6% equity in Hindustan Zinc via an offer for sale (OFS). “We wish to...
Gold Fields to buy Canadian miner Osisko in $1.57 billion cash deal
Gold Fields Ltd has agreed to acquire Osisko Mining for C$2.16 billion ($1.57 billion), it said on Monday, barely two years after an attempt to buy another Canadian miner was scuppered by a rival offer. The Johannesburg...
