Mexican mining and transportation giant Grupo Mexico on Friday submitted an offer to purchase Citi’s retail unit in the country, known as Banamex, more than two years after it had scrapped previous plans to do so...
Vedanta demerger date moved to March 2026 pending government approval
Anil Agarwal-led Vedanta Ltd on Tuesday said it has extended the deadline for its demerger to March 2026, from the earlier deadline of September 30, 2025, citing pending approvals from the NCLT and other government...
Angola’s diamond miner Endiama seeks minority stake in De Beers
Angola’s state diamond company Endiama has bid for a minority stake in Anglo American’s diamond unit De Beers, the African country’s Ministry of Mineral Resources, Petroleum and Gas said on Wednesday...
Newmont sells entire Orla stake for about $439 million in divestiture push
Gold miner Newmont said on Friday it sold its stake in Orla Mining for $439 million through the Toronto Stock Exchange as part of its divestiture program. The company disposed of the entire 43 million shares it held in...
NCLT defers final hearing on Vedanta demerger to Oct 8
The National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on Vedanta’s ambitious demerger proposal to October 8, as the Ministry of Petroleum and Natural Gas objected to the scheme, citing a lack...
Barrick exits Canadian gold mining with over $1 bln Hemlo sale
Barrick Mining said on Wednesday it will sell its last producing Canadian gold mine, Hemlo, to Carcetti Capital for up to $1.09 billion. Hemlo has produced more than 21 million ounces of gold and was once one of...
Barrick to sell its Canada’s Hemlo mine for up to $1.1 billion
Barrick Mining has agreed to sell its Hemlo gold mine in Canada to Carcetti Capital for up to $1.09 billion, the companies said on Wednesday. The deal includes $875 million in cash at closing, $50 million in shares of...
Anglo American, Teck Resources to merge in second-largest mining deal ever
London-listed miner Anglo American and Canada’s Teck Resources plan to merge, the two companies said on Tuesday, marking the sector’s second-biggest M&A deal ever and forging a new global copper-focused...
Anglo American nears deal to acquire Teck Resources for $20 billion, FT reports
Anglo American is nearing a deal to acquire Canadian miner Teck Resources that could value it at about $20 billion, Financial Times reported on Monday, citing people familiar with the matter. The London-listed global...
Anglo American to sell remaining stake in Valterra
Global miner Anglo American is selling off its remaining stake in Valterra Platinum, worth around $2.4 billion, it said on Wednesday, marking its full exit from its former subsidiary. The company has launched an...
Vedanta demerger deadline at risk as NCLT defers hearing
The Mumbai bench of National Company Law Tribunal has deferred the hearing for Vedanta to September 17, which could effectively see the company missing its deadline of September 30 for its proposed demerger. The...
Royal Gold to acquire Canada’s Sandstorm Gold for $3.5 billion
Royal Gold said on Monday it will acquire Canadian peer Sandstorm Gold for about $3.5 billion, helping the royalty firm strengthen its position in North America at a time when bullion has soared to record highs...
