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...
Mining
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...
Equinox to buy Leagold for about $578 million
Canada’s Equinox Gold Corp will buy rival Leagold Mining Corp for C$769.3 million ($578.38 million), the company said on Monday, the latest consolidation in the industry that has seen deals worth $30.5 billion so far...
Centre likely to sell 28 per cent stake in BEML through strategic disinvestment
The Centre is likely to sell 28 per cent of its stake in BEML Ltd through strategic disinvestment and retain 26 per cent after the dilution of its shareholding in the public sector undertaking, a senior company official...
NLC India to invest ₹17,000 crore, plans to develop Talabira coal blocks in Odisha
State-owned NLC India Limited said on Sunday it is planning to invest more than ₹17,000 crore for its thermal power projects and has embarked upon afforestation programme inside and outside the coal mining area in...
Aurubis hopes to sell rolled copper division in 2020
Aurubis AG, Europe’s biggest copper producer, is in advanced talks to sell its flat rolled products (FRP) division and hopes to agree a deal in 2020, CEO Roland Harings said on Wednesday. Hamburg-based Aurubis is also...
