Goldcorp shareholders approved Newmont Mining Corp’s $10 billion takeover offer on Thursday, removing one of the last remaining hurdles to create the world’s largest gold producer. While some Goldcorp shareholders had...
Mining
Australia’s Jervois Mining buys Ecobalt Solutions for U.S. cobalt mine
Australian cobalt developer Jervois Mining on Tuesday said it would buy out Canada-based Ecobalt Solutions Inc, for C$57.6 million ($43.29 million), to expand its geographical footprint into the United States. As part...
Odisha HC directs Nalco to allow Vedanta’s bid on surplus alumina
The Odisha High Court on Tuesday directed National Aluminium Company NSE 0.19 % (Nalco) to allow resources conglomerate VedantaNSE 0.94 % to bid in the former’s tender for the sale of surplus alumina, an issue that has...
Australia’s Lynas says no to Wesfarmers $1.1 billion takeover offer
Australia’s Lynas Corp Ltd on Wednesday said it would not engage with conglomerate Wesfarmers on its “highly conditional” $1.1 billion takeover approach for the only proven producer of rare earth elements outside China...
Australia’s Wesfarmers bids $1.1 billion for rare earths miner Lynas
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...
