Holders of a defaulted Venezuelan bond, some creditors and bidders that participated in a U.S. auction of shares in the parent of Venezuela-owned refiner Citgo Petroleumfiled objections to the auction’s...
Coal India to invest Rs 1,067 crore in Talcher Fertilizers
State-owned CIL on Friday said it will invest a little over Rs 1,067 crore in Talcher Fertilizers Ltd by way of acquiring shares through rights issue. Talcher Fertilizers Ltd was incorporated in 2015 as a joint venture...
Hindalco to buy US-based AluChem for $125 mn
Hindalco Industries will acquire US-based specialty alumina manufacturer AluChem Companies for an enterprise value of $125 million, as it looks to scale its high-value, technology-led materials portfolio. “This...
ArcelorMittal signs deal to sell its steel mill and iron ore mine in Bosnia
ArcelorMittal, the world’s second-largest steelmaker, said it signed a deal on Friday to sell its operations in Bosnia and Herzegovina, comprising a steel mill and an iron ore mine, to the Bosnia-based Pavgord...
Vedanta divests 1.6% stake in subsidiary company Hindustan Zinc for ₹3,028 crore
Mining and metals major Vedanta confirms paring stake in subsidiary Hindustan Zinc on Wednesday, June 18, in a bid to deleverage and strengthen its balance sheet. Several media reports yesterday indicated that Vedanta...
Abu Dhabi minerals company buys DR Congo tin mine stake from Denham arm
Abu Dhabi minerals company International Resources Holding has bought a majority stake in a tin mine in the Democratic Republic of Congo, expanding its presence in Africa and underscoring its appetite for high-risk...
Harmony Gold agrees to buy Australian Mac Copper for $1 billion
JOHANNESBURG, May 27 (Reuters) – Harmony Gold, South Africa’s top gold producer by volume, has agreed to buy Australian miner Mac Copper Ltd in a deal worth $1.03 billion as it steps up a diversification into copper...
Vedanta expects demerger to complete by Sept-end: CFO Ajay Goel
Anil Agarwal-led Vedanta Ltd expects to complete the demerger of its businesses by the September-end, according to a top company official. The company had earlier said it has pushed back its demerger by a quarter to...
Australia’s Alkane to merge with Canada’s Mandalay in $358 million acquisition
Australia’s Alkane Resources will acquire Canada’s Mandalay Resources in an all-share deal valued at A$559.1 million ($357.8 million), the companies said on Monday, creating a combined diversified gold and...
Barrick Gold sells Alaska mine stake to John Paulson, NovaGold for up to $1.1 billion
Canada’s Barrick Gold said on Tuesday it will exit the Donlin Gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion. The Donlin Gold project is a...
US investor Cameron offers $5 billion for Kazakh mining giant, ERG says no sale talks
U.S. businessman James Cameron has offered to buy mining giant Eurasian Resources Group for $5 billion, a letter he sent to its board showed, as the company prepares to participate in a major expansion of...
Vedanta looks to go for four-way business split
Metals maven Anil Agarwal-owned Vedanta is considering trimming its proposed demerger into four units, from the originally planned six and later reduced to five, after a corporate tribunal blocked the spin-off of its...
