Vedanta Ltd on Sunday said it proposes to raise up to Rs 2,000 crore via issuance of non-convertible debentures (NCDs). “We would like to inform you that the company proposes to offer rated, secured, redeemable...
Brazil’s Vale agrees to sell 25% stake in China’s Henan Longyu for $152 million
Brazilian mining company Vale SA said on Friday it has agreed to sell its 25% stake in China’s Henan Longyu Energy Resources Ltd. to Yongmei Group Co. for about $152 million. In a securities filing, Vale added the...
HC asks state to let Misrilall Mine match highest bid to retain Saruabil Mine
A dispute over the allocation of the Saruabil chrome mine in Odisha is delaying the formal declaration of the winner of the recent auction for its mining rights. TS Alloys, a subsidiary of Tata Steel, emerged the...
Australia’s Northern Star to buy 50% stake in KCGM for $800 million
Gold miner Northern Star Resources Ltd said on Tuesday it had entered into an agreement with the Australian unit of Newmont Gold Corp to buy a 50% stake in Kalgoorlie Consolidated Gold Mines (KCGM) for $800 million...
Equinox to buy Leagold for about $578 million
Canada’s Equinox Gold Corp will buy rival Leagold Mining Corp for C$769.3 million ($578.38 million), the company said on Monday, the latest consolidation in the industry that has seen deals worth $30.5 billion so far...
Centre likely to sell 28 per cent stake in BEML through strategic disinvestment
The Centre is likely to sell 28 per cent of its stake in BEML Ltd through strategic disinvestment and retain 26 per cent after the dilution of its shareholding in the public sector undertaking, a senior company official...
NLC India to invest ₹17,000 crore, plans to develop Talabira coal blocks in Odisha
State-owned NLC India Limited said on Sunday it is planning to invest more than ₹17,000 crore for its thermal power projects and has embarked upon afforestation programme inside and outside the coal mining area in...
Aurubis hopes to sell rolled copper division in 2020
Aurubis AG, Europe’s biggest copper producer, is in advanced talks to sell its flat rolled products (FRP) division and hopes to agree a deal in 2020, CEO Roland Harings said on Wednesday. Hamburg-based Aurubis is also...
Barrick Gold to sell stake in Massawa project to Teranga for up to $430 million
Canadian gold miner Barrick Gold Corp moved closer to its asset sales target on Tuesday by agreeing to sell its entire 90% stake in its Massawa project in Senegal to Teranga Gold Corporation for up to $430 million. The...
Odisha Slurry Pipeline bidding hots up as Thriveni offers Rs 4,000 crore
Tamil Nadu-based Thriveni Earthmovers has raised the ante in its bid to acquire Odisha Slurry Pipeline Infrastructure (OSPIL) with an upgraded offer of Rs 4,000 crore, as against Rs 2,350 crore being offered by...
Australia’s Newcrest Mining raises stake in Canada’s Lundin Gold
Australia’s Newcrest Mining Ltd said on Friday it had raised its stake in Canadian miner Lundin Gold Inc to 32% with an additional C$79.6 million ($59.9 million) investment as it looks to increase its exposure in...
Endeavour Mining’s largest investor supports its takeover of Centamin
Endeavour Mining’s largest shareholder La Mancha Holdings said on Tuesday it supported Endeavour’s $1.9 billion takeover proposal of Centamin and urged the boards to engage. “We believe in the strategic rationale for...
