Nord Gold SE on Wednesday offered to buy all shares in Ghana-focused gold miner Cardinal Resources Ltd it does not already own, valuing the Australian-listed company’s equity at A$347 million ($243 million). The UK...
Mining
GFG Alliance is keen on acquiring more stressed assets from India: Sanjeev Gupta
The Gupta Family Group Alliance, led by UK-based Sanjeev Gupta, is keen on investing and acquiring more stressed assets in the metals and mining space in India. The group entered the country earlier this year, acquiring...
BHP-backed SolGold makes second attempt on Canada’s Cornerstone
BHP-backed SolGold Plc, the copper-gold company focused on Ecuador, is making a second attempt to take over Canada’s Cornerstone Capital Resources, whose largest shareholder said the approach is likely to be rebuffed...
BHP puts Australian thermal coal mine up for sale: sources
The world’s largest mining company BHP Group has hired Macquarie Bank and JP Morgan to sell its Australian thermal coal mine, three sources said, as miners face increasing pressure to reduce their exposure to fossil...
BHP Group hires JP Morgan to sell Australian thermal coal mine: sources
The world’s largest mining company BHP Group has hired U.S. investment bank JP Morgan to sell its Australian thermal coal mine, following pressure from investors concerned about global warming, two sources said...
Brazil miner Vale to sell stake in nickel producer to Indonesia’s Inalum
Brazil iron ore miner Vale SA said on Friday in a securities filing that its Canadian subsidiary had reached an agreement to sell a 20% stake in the nickel producer PT Vale Indonesia to state-controlled PT Indonesia...
China’s Shandong Gold to buy Ghana-focused Cardinal Resources for $221 million
Shandong Gold Mining Co, one of China’s biggest gold producers, said on Thursday it would buy Ghana-focused miner Cardinal Resources Ltd for around A$321 million ($221 million) in cash. The deal continues a recent...
Barrick Gold sells majority stake in China’s Shandong for $210 million
Canadian gold producer Barrick Gold said on Tuesday it sold a partial stake in Shandong Gold Mining Co for $210 million, profiting off a rise in share price of the Chinese gold miner. Gold stocks have been steadily...
Govt not to hive off Coal India arm CMPDIL, say unions
Coal India’s union leaders say they have been assured by the government that the company’s exploration, planning and design arm will not be hived off. They said the government is looking at the possibility of making...
BEML to firm up partnerships with Czech, Japanese firms to indigenise tech
BEML Ltd is firming up tie-ups with two foreign companies for setting up joint manufacturing facilities in India. Besides, the state-owned company has also called for global expressions of interest (EOIs) for more tie...
Gold M&A back on the agenda as coronavirus restrictions ease
A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund...
Coal India arm to see viability of merger of NTPC’s two mines in Chhattisgarh
Coal India’s consultancy arm CMPDIL has been roped in by NTPC to make separate mining plans for Banai and Bhalumuda coal mines in Chhattisgarh with an aim to maximise the extractable reserves by merging operations...
