Russian steel and coal producer Mechel agreed to pay around 30 billion roubles ($461 million) for Gazprombank’s 34% stake in the Elga coal project, two sources familiar with the matter told Reuters on Thursday. Elga is...
European Commission clears Novelis’s acquisition of Aleris
Aluminium rolling and recycling company Novelis Inc., a wholly owned subsidiary of Hindalco Industries Ltd, said on Tuesday that the European Commission has approved its proposed acquisition of US-based Aleris Corp, a...
Rio Tinto scraps plans for Canadian iron ore unit sale, floatation – WSJ
Anglo-Australian miner Rio Tinto PLC has cancelled plans for the sale or floatation of its Canadian iron ore business, following unsuccessful attempts to find buyers, the Wall Street Journal reported on Sunday. Rio...
Copper miner First Quantum Minerals draws takeover interest: Bloomberg
Canadian copper miner First Quantum Minerals Ltd is drawing preliminary takeover interest from global miners after losing half its value over the past five years, Bloomberg reported on Thursday. The company, which is...
Anglo American Platinum completes buyout of prospecting rights from Atlatsa
Anglo American Platinum (Amplats) said on Tuesday its subsidiary Rustenburg Platinum Mines (RPM) had completed the acquisition of the Kwanda North and Central Block prospecting rights for 300 million rand from Atlatsa...
NCLT asks Jayaswal Neco, SBI to furnish details of SC petition
The dedicated bankruptcy court has asked Jayaswal Neco Industries Ltd and its lender, the State Bank of India (SBI), to give details about the petition filed by the company in the Supreme Court to stay the insolvency...
Australia’s Argosy Minerals buys Nevada-based Tonopah lithium project
Lithium-focused explorer Argosy Minerals Ltd on Wednesday said it has executed an agreement to buy tenements comprising the Tonopah Lithium Project in Nevada, United States. Argosy said the sale agreement was executed...
Government begins process to auction 27 coal mines
The government on Monday said it has begun the process of auction of 27 coal mines and allotment of 15 blocks to public sector undertakings. “The Ministry of Coal has started the process of auction of 27 coal...
Nalco HCL and MECL inks joint venture to form Khanij Bidesh India Ltd
National Aluminium Company (Nalco), Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL) have formally inked the joint venture (JV) agreement to form Khanij Bidesh India Ltd (KABIL) to scout for...
JSW Steel declared Preferred Bidder for Karnataka mines
JSW Steel Limited has been declared as the Preferred Bidder for three iron ore mines with an estimated resource of around 92.97 million metric tonnes (MMT) in the auctions held by the government of Karnataka in July...
Vedanta welcomes South African court decision to block sale of Zambia mines
Vedanta Resources Thursday welcomed a South African court’s decision to block sale of its mines in Zambia, saying the company is committed to resolving the current situation through arbitration. Earlier this week...
Indian billionaire Anil Agarwal sells Anglo stake
Indian billionaire Anil Agarwal, the biggest shareholder in mining company Anglo American (AAL.L), said on Thursday he was divesting the nearly 20% stake he has held since 2017. Agarwal began buying into Anglo American...
