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...
Mining
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...
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...
