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...
Mining
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...
Vedanta to raise up to Rs 2,000 cr through non-convertible debentures
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...
