Russian businessman Albert Avdolyan has reached an agreement to buy a 49% stake in the major Elga coal project in Russia from Russian lender Gazprombank, the bank said in a statement on Monday. Avdolyan’s company A...
Mining
SC seeks CBI response on providing copy of probe into disinvestment of govt share in Hindustan Zinc
The Supreme Court on Wednesday sought the CBI’s response on providing a copy of its probe report closing the preliminary inquiry into the disinvestment of the government’s share in PSU Hindustan Zinc Limited...
NCLT approves ArcelorMittal’s Rs 2,360 cr bid for Odisha Slurry Pipeline
The National Company Law Tribunal (NCLT) has approved a Rs 2,359-crore bid of ArcelorMittal India for debt-ridden Odisha Slurry Pipeline Infrastructure Ltd (OSPIL). A two-member bench of the NCLT Cuttack gave a go ahead...
JSW Steel declared preferred bidder for Jajang iron ore block in Odisha
JSW Steel on Monday said it has been declared as a preferred bidder for Jajang iron ore block in Odisha. The Sajjan Jindal-led firm has bagged the iron ore mine in the auction of blocks in Odisha. The block holds...
Freeport’s Adkerson does not want to sell Grasberg mine to Barrick
Freeport McMoRan Inc is not interested in selling its Grasberg copper and gold mine in Indonesia, Chief Executive Richard Adkerson said on Monday, tamping down speculation of a deal with Canadian miner Barrick Gold Corp...
Coal India stake sale fetches over Rs 3,200 crore
The government sold nearly 2.91% stake in Coal India Limited (CIL) last week and raised more than Rs 3,200 crore in a subdued stock market. Since April last year, the Centre has pared around 4.82% in the state-owned...
Hindustan Zinc, Balco residual stake sale not off table: DIPAM secretary
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...
Shanta Gold buys Kenya exploration project from Barrick
Shanta Gold on Monday said it had acquired Barrick subsidiary Acacia Exploration’s project in southwestern Kenya in a $14.5 million deal which gives the Tanzania-focused miner its first asset outside the country. The...
Hindustan Zinc, Balco residual stake sale not off table: DIPAM secretary
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...
