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...
Mining
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...
Rusal to complete demerger of higher carbon assets in early 2022
Russian aluminium producer Rusal is expected to complete the demerger of its higher-carbon assets into a separate company in the first quarter of 2022, its head of strategy Oleg Mukhamedshin told Reuters. Hong-Kong...
Tata Steel Mining declared successful resolution applicant for Rohit Ferro-Tech
Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday. Tata Steel Mining Limited is a wholly-owned...
UK rejects $234 million bailout request for Sanjeev Gupta’s GFG
The UK government rejected a request from Sanjeev Gupta’s GFG Alliance for a 170 million-pound ($234 million) bailout as it struggles to stay afloat following the collapse of its biggest lender. The plea was rebuffed...
Centre seeks early Supreme Court ruling on Hindustan Zinc stake sale
The Union government on Monday requested the Supreme Court for an early decision in a five-year-old writ petition challenging the offloading of government equity in Hindustan Zinc (HZL) and said pendency of the petition...
