Barrick Mining said on Wednesday it will sell its last producing Canadian gold mine, Hemlo, to Carcetti Capital for up to $1.09 billion. Hemlo has produced more than 21 million ounces of gold and was once one of...
Barrick to sell its Canada’s Hemlo mine for up to $1.1 billion
Barrick Mining has agreed to sell its Hemlo gold mine in Canada to Carcetti Capital for up to $1.09 billion, the companies said on Wednesday. The deal includes $875 million in cash at closing, $50 million in shares of...
Anglo American, Teck Resources to merge in second-largest mining deal ever
London-listed miner Anglo American and Canada’s Teck Resources plan to merge, the two companies said on Tuesday, marking the sector’s second-biggest M&A deal ever and forging a new global copper-focused...
Anglo American nears deal to acquire Teck Resources for $20 billion, FT reports
Anglo American is nearing a deal to acquire Canadian miner Teck Resources that could value it at about $20 billion, Financial Times reported on Monday, citing people familiar with the matter. The London-listed global...
Anglo American to sell remaining stake in Valterra
Global miner Anglo American is selling off its remaining stake in Valterra Platinum, worth around $2.4 billion, it said on Wednesday, marking its full exit from its former subsidiary. The company has launched an...
Vedanta demerger deadline at risk as NCLT defers hearing
The Mumbai bench of National Company Law Tribunal has deferred the hearing for Vedanta to September 17, which could effectively see the company missing its deadline of September 30 for its proposed demerger. The...
Royal Gold to acquire Canada’s Sandstorm Gold for $3.5 billion
Royal Gold said on Monday it will acquire Canadian peer Sandstorm Gold for about $3.5 billion, helping the royalty firm strengthen its position in North America at a time when bullion has soared to record highs...
Bondholders, bidders object to Gold Reserve group’s Citgo bid
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...
