China Molybdenum Co, majority owner of a huge copper-cobalt mine in the Democratic Republic of Congo, said on Thursday it had completed the acquisition of all of IXM, formerly the metals business of trading house Louis...
South African court blocks Zambia’s plans to sell Vedanta copper mines
A South African court ordered Zambia to halt plans to liquidate and sell copper mines controlled by Indian billionaire Anil Agarwal pending arbitration in a dispute that’s rattled investors in Africa’s second-largest...
NCLAT stays liquidation process against Adhunik Metaliks
The National Company Law Appellate Tribunal (NCLAT) has stayed the liquidation process against corporate debtor Adhunik Metaliks. This follows an appeal by Liberty House group. The latter had emerged the successful...
Australian lithium miner Altura raises $15.8 million as big shareholder raises stake
Altura Mining Ltd (AJM.AX) said on Tuesday key shareholder Ningbo Shanshan Co Ltd would increase its stake and invest A$22.4 million ($15.8 million) in the company. The lithium miner said it will issue 200 million fully...
Jervois Mining takes over Canada’s Ecobalt, shares jump
Australian cobalt developer Jervois Mining (JRV.AX) will take over eCobalt Solutions (ECS.TO) after shareholders of the Canadian company voted in favor of the deal, Jervois said on Monday. Jervois will acquire eCobalt...
Thyssenkrupp inks pact with Gainwell to strengthen market presence in India
Thyssenkrupp Industries India today announced that it has entered into an exclusive distribution agreement with Gainwell, a leading distributor for construction, mining and power solutions having a strong presence in...
Acacia says valuation higher than Barrick buyout offer, extends bid deadline
Tanzania’s largest gold miner Acacia Mining Plc said on Tuesday it is worth more than a buyout proposal by majority shareholder Barrick Gold Corp values it at, and extended the deadline for a firm bid to July 19. Based...
Mining company Power Resources buys Woodford-backed Metalysis
Mining company Power Resources Group (PRG) said on Friday it was buying Metalysis, a British high-tech specialist which was backed by asset manager Neil Woodford, out of administration. Metalysis, which manufactures 3D...
South Africa’s Afrimat pulls takeover bid for Universal Coal
South African open pit mining firm Afrimat Limited (AFTJ.J) has withdrawn its offer to buy Australian-listed Universal Coal plc (UNV.AX), given the size and complexity of the transaction, it said on Wednesday. In April...
Coal India targets stakes in overseas coke mines
Coal India is looking for minority stakes in operational coking coal mines in Russia, Canada and Australia. Based on its experience it may gradually increase stakes, following which it may buy them out, and then look...
CIL to hire merchant bankers for acquiring stakes in Australian coal assets
State-owned Coal India will hire merchant bankers to carry out financial due diligence for acquiring equity stakes in identified mines and companies in Australia as part of its plan to meet the growing dry fuel demand...
China’s CNMC, trader ETG and Turkey vie for KCM – source
China’s Nonferrous Metals Mining Corporation (CNMC), commodities trader ETG Group and a Turkish firm have expressed interest in buying a stake in Konkola Copper Mines (KCM), a senior government source said, on condition...
