Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc for $10 billion, creating the world’s biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal. The...
Zijin Mining plans to sell $1.2 billion A-shares to fund Nevsun purchase
Chinese gold miner Zijin Mining Group Co Ltd (601899.SS) (2899.HK) said it plans to sell up to 8 billion yuan ($1.16 billion) worth of new shares in Shanghai to help fund its purchase of Canada’s Nevsun Resources Ltd...
Vedanta to move SC against Madras HC to reopen Sterlite copper plant
The Vedanta Group company Sterlite has said it would move the Supreme Court to implement the NGT order to reopen its copper plant in Tuticorin. “The honourable Madras High Court, Madurai Bench, Friday issued...
NCLAT stays insolvency process order against Eastern Coalfields
The National Company Law Appellate Tribunal (NCLAT) has issued a stay order against the National Company Law Tribunal (NCLT)’s order asking for the initiation of corporate insolvency resolution process against Coal...
After tepid stake sale, Centre to receive Rs 32.87 bn more from Coal India
After the centre raised around Rs 84 billion from three rounds of stake sale in Coal India, it will again be receiving another Rs 32.87 billion from this Maharatna enterprise as interim dividend. The company’s board, on...
Indonesia coal miner Bayan completes $163.7 million buy back of Kangaroo Resources
Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) has completed the acquisition of its Australian-listed unit Kangaroo Resources Limited (KRL.AX) in a transaction worth A$226.4 million ($163.7 million), it said in...
China’s Tianqi says stake in Chile lithium miner SQM good for both firms
The chief executive of China’s Tianqi Lithium Corp said she believes investing in Chile’s lithium miner SQM will bring “long-term benefits” for both companies, despite strict conditions set for its involvement by local...
EU’s largest coking coal producer seeks growth through acquisitions
The European Union’s largest coking coal producer JSW (JSW.WA) could increase output by between 2.5 and 3 million tonnes per year by acquiring assets, far exceeding its current plan to grow production to 18 million...
Govt sells 2.21% stake in Coal India to CPSE ETF
The government has sold 2.21 per cent stake in state-owned CIL to the CPSE ETF which is managed by Reliance Nippon Life Asset Management Ltd, according to a regulatory filing. “The President of India, acting...
Vale to buy mid-sized iron miner Ferrous Resources: filing
Brazilian miner Vale SA, the world’s top nickel producer, is acquiring the control of Ferrous Resources Ltd., its controlling shareholder Icahn Enterprises LP said in a securities filing. Ferrous, which explores iron...
CCI dismisses complaint against Coal India, its subsidiary
The Competition Commission of India (CCINSE 0.00 %) has dismissed a complaint against state-owned Coal India NSE 0.12 % and its subsidiary, Western Coalfields, alleging unfair business practices regarding fuel supply...
GFG Alliance to buy outstanding stock in KCI for $320 million
Metals and engineering conglomerate GFG Alliance will be buying all outstanding stock in Keystone Consolidated Industries (KCI) from Contran Corporation for a consideration of $320 million (Rs 2,252 crore) via its group...
