Canada’s oilfield services provider Ensign Energy Services Inc (ESI.TO) said on Tuesday about 56 percent of Trinidad Drilling Ltd’s (TDG.TO) shares have been tendered in its hostile offer, with rival bidder Precision...
Rio Tinto to sell its stake in Rössing Uranium for up to $106.5 million
Global miner Rio Tinto Ltd said on Monday it will sell its entire stake in Rössing Uranium Ltd to China National Uranium Corp Ltd for up to $106.5 million. The sale of the 68.62 per cent stake in Rössing Uranium Ltd...
Barrick shareholders set to approve Randgold acquisition: sources
Barrick Gold (ABX.TO) shareholders have voted overwhelmingly in favor of the Canadian miner’s $6.1 billion acquisition of Africa-focused Randgold Resources (RRS.L), three people familiar with the preliminary vote count...
Govt sells 3.18% in Coal India, to get Rs 5,300 crore
The government on Thursday sold 3.18% stake in Coal India, in the first big ticket disinvestment of current fiscal, which will fetch Rs5,300 crore to the exchequer. Retail investors lapped up 6.19 crore shares or 1.56...
Disinvestment: Coal India OFS may fetch Centre Rs 15,000 crore
Anxious to give disinvestment process the much-needed momentum, the Centre on Tuesday announced sale of up to 9% stake (558.66 million shares) in Coal India (CIL). At the floor price of Rs 266 apiece, the exercise could...
BHP to return $10.4 billion in buyback, special dividend bonanza
Top global miner BHP on Thursday said it would buy back shares and pay a special dividend to return $10.4 billion to shareholders, sticking to a promise to hand back all of the proceeds from the sale of its U.S. shale...
Chilean court rejects lawsuit to block SQM stake sale to Tianqi
Chile Constitutional Court on Thursday rejected a lawsuit to block Chinese miner Tianqi’s purchase of a stake in Chilean lithium miner SQM, clearing the way for the transaction to close. In a majority ruling, the court...
China seen sustaining recovery in global mining M&A
A rebound in mining mergers and acquisitions is set to continue into 2019, led by companies from top metals consumer China, as a dearth of exploration spending leaves the industry in need of fresh investment, delegates...
Coal India plans to pick up 20-30% stake in Australian coal mining firm
Coal India is in talks with an Australian coal mining company to pick up a stake in the range of 20-30 per cent. If the deal materialises, it will ensure a steady supply of coking coal to Indian steel and...
Anil Agarwal’s Vedanta Resources delists from London Stock Exchange
Indian mining tycoon Anil Agarwal-led Vedanta Resources formally delisted from the London Stock Exchange amid protests outside its final annual general meeting here on Monday. Volcan Investments Ltd, controlled by...
Barrick Gold is in late-stage talks to buy Randgold Resources -source
Canada’s Barrick Gold Corp (ABX.TO) is in late-stage talks to acquire Randgold Resources Ltd (RRS.L), which operates mines in Africa, a person familiar with the matter said on Sunday. A deal is expected to be announced...
Rio Tinto announces $3.2 billion share buyback program
Global miner Rio Tinto said on Thursday it will return $3.2 billion to shareholders following the recent sale of some Australian coal assets. Rio said it will conduct an off-market share buyback for up 41.2 million Rio...
