India could look at selling residual government stake in Hindustan Zinc and Balco after a Supreme Court decision, a top government official told ET. “The residual stake sales are not off the table. The case is in SC and...
Australia’s Perenti considers takeover of Downer mining arm
Australian mining services provider Perenti Global Ltd said on Wednesday it was considering buying Downer EDI’s mining servicing business, but dismissed a report of a A$700 million ($471 million) offer. Downer is...
Australia’s TerraCom offers to buy rest of Universal Coal, valuing it at $120 million
Australian coal miner TerraCom Ltd on Monday offered to buy the remaining shares of Universal Coal PLC that it does not already own, in a deal that values the company at about A$175 million ($119.68 million). Under the...
Australia’s TerraCom offers to buy rest of Universal Coal, valuing it at $120 million
Australian coal miner TerraCom Ltd on Monday offered to buy the remaining shares of Universal Coal PLC that it does not already own, in a deal that values the company at about A$175 million ($119.68 million). Under the...
Vedanta to raise up to Rs 2,500 crore through non-convertible debentures
Vedanta Ltd on Wednesday said a committee of its directors has approved raising up to Rs 2,500 crore through non-convertible debentures (NCDs). “The duly authorised committee of directors at its meeting held...
Miner Continental’s investors approve sale to China’s Zijin
Canadian miner Continental Gold Inc said on Tuesday its shareholders have voted in favor of a C$1.3 billion ($989.19 million) takeover offer from China’s Zijin Mining Group Co Ltd. Of the cast votes, 98.63% were in...
Green Investment Group agrees power supply deal with Eramet Norway
Macquarie’s Green Investment Group said it has entered into two long-term power purchase agreements with Eramet Norway to supply power to its Norwegian smelters from two wind farms. Eramet Norway, part of the French...
Australia’s Resolute to sell Ravenswood gold mine for $207 million
Resolute Mining Ltd said on Wednesday it will sell its Ravenswood Gold mine for up to A$300 million ($207 million) to a consortium led by resource-focused private equity firm EMR Capital. The consortium also includes...
Brazil’s Vale mulls raising stake in power generation company: paper
Brazilian miner Vale is in talks to increase its stake in Aliança Energia SA, an energy generation and trading joint venture with Companhia Energética de Minas Gerais set up in 2015, according to a report in newspaper...
Australia’s Resolute in talks to sell Ravenswood gold mine for up to $207 million
Resolute Mining Ltd said on Monday it entered into talks with private equity fund EMR Capital Management Ltd to sell its Ravenswood gold mine in Australia for up to A$300 million ($207 million). The sale would comprise...
Anglo American in talks to buy Britain’s biggest mine project
Global miner Anglo American Plc is in advanced talks to buy fertiliser company Sirius Minerals for about 386 million pounds ($507 million), throwing a potential lifeline to Britain’s biggest mining project. If the...
Coal India invites bids for Rs 1,176 crore heavy earth moving equipment
Coal India has invited bids for supply, installation and commissioning of six electrical walking dragline along with spares and consumables with one-year warranty and additional spares & consumables for 10 years...
