BHP Group, the world’s top miner, is mulling a sale of Brazilian copper and gold assets it took over as part of the buyout of smaller peer Oz Minerals, Bloomberg News reported on Wednesday, according to people...
Vedanta files demerger scheme with NCLT
Mining giant Vedanta has filed the demerger scheme with the National Company Law Tribunal (NCLT) post receiving all the required approvals, its CFO Ajay Goel said on Tuesday. Goel announced this in their quarterly...
BHP and Lundin Mining boost copper access, to buy Filo for $3.25 bln
Global miner BHP Group and Canada-listed Lundin Mining will jointly take over developer Filo Corp for C$4.5 billion ($3.25 billion), the companies said on Monday, as they move to progress the South American projects...
Vedanta going ahead with demerger of businesses: Chairman Anil Agarwal
Vedanta Chairman Anil Agarwal on Wednesday said that the company is going ahead with the proposed demerger of its businesses that will lead to the formation of six firms and unlocking of massive value. The company has...
Anil Agarwal likely to sell a 2.5% stake in Vedanta
Billionaire Anil Agarwal’s Vedanta Resources is likely to sell a 2.5% stake in Vedanta Ltd in the next couple of weeks through block deals, said two persons aware of the development. Promoter group is likely to sell...
Australia’s Rio Tinto to buy Mitsubishi’s nearly 12% stake in Boyne Smelters
Mining giant Rio Tinto said on Tuesday it will buy Mitsubishi Corp’s 11.65% stake in Boyne Smelters (BSL) for an undisclosed sum. Boyne, which owns and operates the Boyne Island aluminium smelter in Gladstone...
Australia’s Rio Tinto to buy Mitsubishi’s nearly 12% stake in Boyne Smelters
Mining giant Rio Tinto said on Tuesday it will buy Mitsubishi Corp’s 11.65% stake in Boyne Smelters (BSL) for an undisclosed sum. Boyne, which owns and operates the Boyne Island aluminium smelter in Gladstone...
Botswana may raise De Beers stake as Anglo weighs spin-off
The Botswana government may raise its shareholding in global diamond miner De Beers, President Mokgweetsi Masisi told JCK News, after parent company Anglo American said it plans to spin off or sell the business. The...
Vedanta’s demerger plan clears major hurdle with SBI approval
State Bank of India has granted its consent to Vedanta’s proposed demerger that will separate its existing businesses into six independent pure-play companies, two bankers aware of the development said. This...
BHP walks away from $49 billion pursuit of mining rival Anglo
Mining group BHP Group on Wednesday walked away from its $49 billion plan to take over rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week pursuit. BHP’s aim was to...
BHP will not relent on structure, value of $49 bln Anglo offer, say sources
BHP will stand firm on the structure and value of its latest takeover proposal for Anglo American, focusing instead on allaying its target’s concerns around execution risks over the coming week, sources said on...
Anglo American rejects BHP’s revised $42.7 billion buyout proposal
Anglo American rejected a raised takeover offer of 34 billion pounds ($42.67 billion) from BHP Group on Monday, saying the world’s largest listed miner “continues to significantly undervalue” the...
