Australia’s Wesfarmers Ltd launched a surprise A$1.5 billion ($1.1 billion) bid for Lynas Corp Ltd on Tuesday, swooping on the rare earths miner as it fends off worries about political risk at its plant in Malaysia. A...
Paulson says will not support Newmont takeover bid for Goldcorp
Paulson & Co Inc will not support Newmont Mining Corp’s planned $10 billion takeover of rival Goldcorp Inc as the premium offered is unjustified, the investor said in a letter on Thursday. The transaction is...
BofA is said to purchase Jayaswal Neco, its biggest distressed asset buy in India
Bank of America Corp. has bought its biggest distressed asset in India, adding to a growing trend of foreign investors diving deeper into the country’s massive pile of bad debt. A group of investors led by the U.S. bank...
KGHM does not plan to sell Sierra Gorda mine: CEO
Polish mining company KGHM does not plan to sell its Sierra Gorda copper mining project in Chile, its chief executive said on Friday. Marcin Chludzinski also said state-controlled KGHM, one of the world’s biggest copper...
Abramovich trims Nornickel stake in $551 million share sale
Russian billionaire Roman Abramovich sold $551 million worth of shares in mining giant Norilsk Nickel on Tuesday during an accelerated book building deal (ABB), the deal’s arranger VTB Capital said. The shares...
Cultural clash overshadowing Barrick’s Newmont bid
Conflicting cultures and management styles are overshadowing Barrick Gold Corp’s $18 billion bid for rival Newmont Mining Corp, becoming factors just as important to the deal’s success as whether or not the pair’s...
National Mineral Policy to ease merger and acquisition of mining entities
The union cabinet has approved the National Mineral Policy (NMP) 2019 that aims to ease merger and acquisition of mining entities, attract private sector participation in exploration, allow transfer of mining leases and...
Vedanta says Anglo American stake buy meets governance requirements
Indian miner Vedanta Ltd said here on Monday that its foreign unit Cairn India Holdings Limited’s investment in Anglo American Plc met all governance requirements. Vedanta’s statement comes days after its shares...
Vedanta pumps Rs 1,431 cr in Anglo American, buys Volcan’s stake
Cairn India Holdings, a subsidiary of Vedanta, bought a stake in Anglo American from Volcan Investments, a family trust of promoter Anil Agarwal. The investment was made in the December quarter, according to Vedanta’s...
ArcelorMittal’s bid to buy stake in Bosnian iron ore mine rejected
ArcelorMittal’s application to bid for the Bosnian government’s stake in the Ljubija iron ore mine has been rejected over procedural issues, prompting the world’s largest steelmaker to warn of risks to the future of...
Singapore’s GEAR fails to win bid for Stanmore Coal
Singapore’s Golden Investments said on Wednesday that it will seek a board position at Australia’s Stanmore Coal Ltd (SMR.AX) as its biggest shareholder, despite the failure of a A$240 million ($171 million) takeover...
Australia’s Sandfire approaches MOD Resources with $63 million offer
Copper miner Sandfire Resources (SFR.AX) said on Monday it has approached explorer MOD Resources (MOD.AX) about a potential combination of the two companies, valuing MOD at about A$88 million ($63 million). Sandfire...
