Global miner BHP (BHP.AX) has agreed a $35.2 million deal for a 6.1 percent stake in SolGold PLC (SOLG.L), giving it a share in the promising Cascabel copper-gold project in Ecuador after missing out in an earlier...
Anil Agarwal succeeds with Vedanta Resources buyout
Anil Agarwal, Vedanta Resources chairman is set to take the LSE-listed company private from October 1, after its family-owned trust Volcan Investments announced on Monday that it has got a green signal from minority...
POSCO to buy lithium mining rights in Argentina from Australia’s Galaxy
South Korean steelmaker POSCO on Monday said it had signed a deal to buy lithium mining rights in Argentina from Australia’s Galaxy Resources for $280 million. POSCO said in a statement that it would also build a...
Brazil’s Usiminas seeks to sell stake in miner Musa: source
Brazilian steelmaker Usinas Siderurgicas de Minas Gerais, known as Usiminas, has hired Banco BTG Pactual SA to sell its 70 percent stake in its mining company, one person with knowledge of the matter said on Thursday...
Coal India’s share sale plans eclipse bright outlook for FY19
After a reasonably good start to the first quarter, Coal India Ltd’s outlook for the rest of the fiscal year also looks bright. Demand from the power sector is expected to be strong. Coal stocks at power plants are low...
Arconic weighs buyout approaches from private-equity firms: WSJ
Aluminum products maker Arconic Inc is weighing takeover approaches from at least two private-equity groups, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company’s shares...
Sterlite Tech arm completes acquisition of Metallurgica Bresciana
Sterlite Technologies today said its subsidiary has completed acquisition of Metallurgica Bresciana, a European specialised optical cable manufacturer, for 47 million euros in an all-cash deal. In a regulatory filing...
Government may divest up to 10 per cent stake in Coal India
The Centre is likely to divest 5% to 10% of Coal India’s equity through an offer for sale in an effort to comply with the norm requiring listed companies to have at least 25% public shareholding. The company management...
Canadian miner Lundin plans to buy Nevsun Resources for C$1.4 billion
Canada’s Lundin Mining Corp said on Monday it plans to make an offer to buy base metals company Nevsun Resources Ltd for about C$1.4 billion ($1.07 billion), its second proposal in three months. Lundin offered C$4.75...
Indonesia’s Inalum secures $5.2 billion financing for Freeport deal: sources
Indonesia’s state-owned miner Inalum has secured $5.2 billion in financing from 11 foreign and local banks, according to sources with knowledge of the matter, to be used in part to buy a majority stake in the Grasberg...
Indonesia to announce Freeport acquisition structure: source
Indonesia is set to announce later on Thursday the details of a deal to acquire a majority stake in the local unit of U.S. copper miner Freeport McMoRan Inc (FCX.N), a source with knowledge of the matter said. The...
Cairn Energy says I-T department sells $216 million of Vedanta shares
British energy firm Cairn Energy Plc on Monday said the Indian government had sold some of the shares it owned in Vedanta Ltd, which were earlier attached in a tax dispute, for $216 million. The Edinburgh-based company...
