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...
Mining
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...
Ensign Energy tender gets over 50 percent of Trinidad shares, Precision ends bid
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...
