Canadian gold miner Barrick Gold Corp moved closer to its asset sales target on Tuesday by agreeing to sell its entire 90% stake in its Massawa project in Senegal to Teranga Gold Corporation for up to $430 million. The...
Mining
Odisha Slurry Pipeline bidding hots up as Thriveni offers Rs 4,000 crore
Tamil Nadu-based Thriveni Earthmovers has raised the ante in its bid to acquire Odisha Slurry Pipeline Infrastructure (OSPIL) with an upgraded offer of Rs 4,000 crore, as against Rs 2,350 crore being offered by...
Australia’s Newcrest Mining raises stake in Canada’s Lundin Gold
Australia’s Newcrest Mining Ltd said on Friday it had raised its stake in Canadian miner Lundin Gold Inc to 32% with an additional C$79.6 million ($59.9 million) investment as it looks to increase its exposure in...
Endeavour Mining’s largest investor supports its takeover of Centamin
Endeavour Mining’s largest shareholder La Mancha Holdings said on Tuesday it supported Endeavour’s $1.9 billion takeover proposal of Centamin and urged the boards to engage. “We believe in the strategic rationale for...
Odisha Slurry lenders pick ArcelorMittal bid
Lenders to Odisha Slurry Pipeline Infrastructure are favouring ArcelorMittal’s Rs 2,350-crore cash bid to take over the company over a higher but long-drawn offer from Tamil Nadu-based Thriveni Earthmovers, three people...
Australia’s Evolution Mining to buy Canadian gold mine from Newmont Goldcorp
Australia’s Evolution Mining Ltd on Tuesday agreed to buy Canadian gold mining complex Red Lake from Newmont Goldcorp Corp for $375 million in cash. Evolution also agreed to pay an additional $100 million upon new...
Panoramic grants Australia’s Independence Group due diligence access after takeover bid
Australian nickel miner Independence Group on Friday said it will conduct due diligence on Panoramic Resources Ltd and its flagship Savannah nickel project after making a bid for its smaller peer. At the same time...
Canadian miner Teck hires Barclays to sell Peru mine stake: sources
Canada’s Teck Resources Ltd has hired Barclays to sell all of its 80% stake in its Zafranal copper asset in Peru, as the diversified miner accelerates efforts to exit advanced projects and focus on its massive Chilean...
EU launches probe into Aurubis acquisition of Metallo
European Union antitrust regulators have opened an in-depth investigation into German copper giant Aurubis’s planned acquisition of Belgian-Spanish recycling firm Metallo Group, they said on Tuesday. The commission will...
Vedanta is highest bidder for Jamkhani coal block in Odisha
Vedanta Ltd on Wednesday said it had emerged as the highest bidder for Jamkhani coal block in Odisha’s Sundargarh district in the government’s tenth tranche of coal block auction for captive use. The coal block is in...
Coal Ministry not in favour of overseas acquisitions by CIL: Minister
Coal minister Pralhad Joshi on Wednesday said his ministry was not in favour of overseas coal asset “acquisition” by Coal India Limited. The minister said last year India imported 235 million tonnes of coal...
Australia’s Independence chases more nickel with $216 million bid
Australian nickel miner Independence Group on Monday launched a hostile A$312 million ($216 million) takeover bid for smaller peer Panoramic Resources and said it had the appetite for more, given demand for new energy...
