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...
Mining
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...
BHP buys into Ecuador copper project with $35 million SolGold stake
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...
