The National Company Law Appellate Tribunal (NCLAT) on Tuesday declined to grant an interim stay on Vedanta Group’s plea challenging the National Company Law Tribunal (NCLT)’s decision to approve Adani...
Mining
NCLAT adjourns hearing on Vedanta petition to Tuesday, asks to implead Adani as party
The insolvency appellate tribunal NCLAT on Monday directed the Vedanta Group to make the Adani Group a party in its appeals challenging the NCLT’s approval to Adani Group’s bid for acquiring Jaiprakash...
Vedanta moves NCLAT, challenges NCLT nod to Adani’s bid for acquiring Jaiprakash Associates
Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT’s approval to Adani Group’s bid for acquiring Jaiprakash Associates Ltd for Rs...
California’s Controlled Thermal Resources to go public in $4.7 billion SPAC deal
California lithium and power developer Controlled Thermal Resources will go public on the Nasdaq through a $4.7 billion merger with blank-check firm Plum Acquisition Corp IV, the companies said on Monday. The listing...
Rio Tinto takes majority control of Canada’s Nemaska Lithium
Rio Tinto, said on Wednesday it has gained majority control of Canada’s Nemaska Lithium, advancing its push to build an integrated lithium business in Quebec. The Anglo-Australian miner now holds a 53.9% stake in...
Vedanta moves NCLT against lender’s nod to Adani’s plan for Jaiprakash Associates
Billionaire Anil Agarwal-led Vedanta Ltd on Thursday urged the National Company Law Tribunal (NCLT) to review a decision by lenders to approve Adani Enterprises Ltd’s over ₹15,000 crore resolution plan for bankrupt...
Gravita India to acquire Rashtriya Metal Industries for Rs 800 crore, marking entry into copper alloys
Gravita India Ltd, a leading global recycling company and one of the world’s largest players in lead recycling, has entered into a binding arrangement to acquire Rashtriya Metal Industries Limited (RMIL), India’s oldest...
Angola seeks 20%-30% stake in De Beers: Report
Angola is pursuing a 20%-30% stake in Anglo American’s diamond unit De Beers, a proposal being discussed with other diamond-producing African nations, a senior official from Angola’s mining ministry told...
Glencore in talks to sell 40% stake in DRC mines to US-backed consortium
Glencore is in talks to sell a 40% stake in its copper and cobalt operations in the Democratic Republic of Congo to a U.S.-backed consortium in a deal valuing the assets at about $9 billion, including debt, it said on...
Eldorado Gold to buy Foran Mining in $2.8 billion deal to deepen copper exposure
Eldorado Gold will acquire Canada’s Foran Mining in a deal valuing the copper-focused developer at about C$3.8 billion ($2.79 billion), adding a second near-term growth project and increasing its exposure to...
Chinalco, Rio Tinto buy control of Brazilian aluminium firm CBA for $904 million
Aluminium Corporation of China (Chinalco) and Rio Tinto agreed to acquire a controlling stake in Companhia Brasileira de Aluminio for 4.69 billion reais ($903.61 million), the firms said on Thursday. Together, the...
Vedanta to sell up to 1.59% stake in Hindustan Zinc via OFS; sets floor price at Rs 685 per share
Vedanta Limited on Tuesday approved the sale of up to 1.59% stake representing up to 6.7 crore equity shares in its subsidiary Hindustan Zinc Limited (HZL) by way of an offer for sale (OFS). Vedanta has set the floor...
