Lenders to Odisha Slurry Pipeline Infrastructure are favouring ArcelorMittal’s Rs 2,350-crore cash bid to take over the company over a higher but long-drawn offer from Tamil Nadu-based Thriveni Earthmovers, three people...
Australia’s Evolution Mining to buy Canadian gold mine from Newmont Goldcorp
Australia’s Evolution Mining Ltd on Tuesday agreed to buy Canadian gold mining complex Red Lake from Newmont Goldcorp Corp for $375 million in cash. Evolution also agreed to pay an additional $100 million upon new...
Panoramic grants Australia’s Independence Group due diligence access after takeover bid
Australian nickel miner Independence Group on Friday said it will conduct due diligence on Panoramic Resources Ltd and its flagship Savannah nickel project after making a bid for its smaller peer. At the same time...
Canadian miner Teck hires Barclays to sell Peru mine stake: sources
Canada’s Teck Resources Ltd has hired Barclays to sell all of its 80% stake in its Zafranal copper asset in Peru, as the diversified miner accelerates efforts to exit advanced projects and focus on its massive Chilean...
EU launches probe into Aurubis acquisition of Metallo
European Union antitrust regulators have opened an in-depth investigation into German copper giant Aurubis’s planned acquisition of Belgian-Spanish recycling firm Metallo Group, they said on Tuesday. The commission will...
Vedanta is highest bidder for Jamkhani coal block in Odisha
Vedanta Ltd on Wednesday said it had emerged as the highest bidder for Jamkhani coal block in Odisha’s Sundargarh district in the government’s tenth tranche of coal block auction for captive use. The coal block is in...
Coal Ministry not in favour of overseas acquisitions by CIL: Minister
Coal minister Pralhad Joshi on Wednesday said his ministry was not in favour of overseas coal asset “acquisition” by Coal India Limited. The minister said last year India imported 235 million tonnes of coal...
Australia’s Independence chases more nickel with $216 million bid
Australian nickel miner Independence Group on Monday launched a hostile A$312 million ($216 million) takeover bid for smaller peer Panoramic Resources and said it had the appetite for more, given demand for new energy...
Coal India Ltd plans binding bids for coking coal assets
Coal India plans to submit binding bids for acquiring stakes in coking coal assets in Australia and Canada by March 2020. The firm is in the process of appointing merchant bankers for the assets it has identified. The...
Mitsubishi sells Australian iron ore, rail project to Sinosteel
Mitsubishi Corp has handed over the full ownership of an iron ore expansion and rail and port infrastructure project in Western Australia to China’s state-owned Sinosteel that has been slated to cost A$10 billion ($6.86...
Australia’s Stanmore Coal says Winfield scraps takeover, shares drop
Stanmore Coal Ltd on Thursday said that Winfield Energy had decided to scrap its proposed takeover of the company as the Brisbane-based miner failed to engage with key shareholders, causing Stanmore’s shares to drop...
Indonesia state miner signs initial agreement to buy 20% stake in Vale Indonesia
State mining holding company Mining Industry Indonesia, previously known as Inalum, said in a statement on Monday it had signed an initial agreement with shareholders of nickel miner PT Vale Indonesia to buy a 20% stake...
