National Aluminium Company (Nalco), Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL) have formally inked the joint venture (JV) agreement to form Khanij Bidesh India Ltd (KABIL) to scout for...
Mining
JSW Steel declared Preferred Bidder for Karnataka mines
JSW Steel Limited has been declared as the Preferred Bidder for three iron ore mines with an estimated resource of around 92.97 million metric tonnes (MMT) in the auctions held by the government of Karnataka in July...
Vedanta welcomes South African court decision to block sale of Zambia mines
Vedanta Resources Thursday welcomed a South African court’s decision to block sale of its mines in Zambia, saying the company is committed to resolving the current situation through arbitration. Earlier this week...
Indian billionaire Anil Agarwal sells Anglo stake
Indian billionaire Anil Agarwal, the biggest shareholder in mining company Anglo American (AAL.L), said on Thursday he was divesting the nearly 20% stake he has held since 2017. Agarwal began buying into Anglo American...
China Moly takes full control of ex-Dreyfus metals unit for $518 million
China Molybdenum Co, majority owner of a huge copper-cobalt mine in the Democratic Republic of Congo, said on Thursday it had completed the acquisition of all of IXM, formerly the metals business of trading house Louis...
South African court blocks Zambia’s plans to sell Vedanta copper mines
A South African court ordered Zambia to halt plans to liquidate and sell copper mines controlled by Indian billionaire Anil Agarwal pending arbitration in a dispute that’s rattled investors in Africa’s second-largest...
NCLAT stays liquidation process against Adhunik Metaliks
The National Company Law Appellate Tribunal (NCLAT) has stayed the liquidation process against corporate debtor Adhunik Metaliks. This follows an appeal by Liberty House group. The latter had emerged the successful...
Australian lithium miner Altura raises $15.8 million as big shareholder raises stake
Altura Mining Ltd (AJM.AX) said on Tuesday key shareholder Ningbo Shanshan Co Ltd would increase its stake and invest A$22.4 million ($15.8 million) in the company. The lithium miner said it will issue 200 million fully...
Jervois Mining takes over Canada’s Ecobalt, shares jump
Australian cobalt developer Jervois Mining (JRV.AX) will take over eCobalt Solutions (ECS.TO) after shareholders of the Canadian company voted in favor of the deal, Jervois said on Monday. Jervois will acquire eCobalt...
Thyssenkrupp inks pact with Gainwell to strengthen market presence in India
Thyssenkrupp Industries India today announced that it has entered into an exclusive distribution agreement with Gainwell, a leading distributor for construction, mining and power solutions having a strong presence in...
Acacia says valuation higher than Barrick buyout offer, extends bid deadline
Tanzania’s largest gold miner Acacia Mining Plc said on Tuesday it is worth more than a buyout proposal by majority shareholder Barrick Gold Corp values it at, and extended the deadline for a firm bid to July 19. Based...
Mining company Power Resources buys Woodford-backed Metalysis
Mining company Power Resources Group (PRG) said on Friday it was buying Metalysis, a British high-tech specialist which was backed by asset manager Neil Woodford, out of administration. Metalysis, which manufactures 3D...
