Indian resources conglomerates Adani and Vedanta are considering bidding for a $9 billion diamond project in the country that was abandoned by global miner Rio Tinto this year, according to multiple sources with...
Nalco plans 2 JVs with US, Russia-based companies
Aluminium major Nalco is planning to set up two joint ventures – one with US-based Almex and another with Russia’s Rusal – at the upcoming Angul Aluminium Park in Odisha, a senior company official said...
Rio Tinto’s $2 billion coal assets attract investor consortium: sources
A group of investors including buyout firm Apollo and pension fund Canada Pension Plan (CPP) is bidding for coal assets put up for sale by mining giant Rio Tinto (RIO.L), which could fetch $2 billion, sources familiar...
Glencore pips Sinopec to buy Chevron’s South African assets
Commodities trader and miner Glencore has swooped in to replace China’s Sinopec as the buyer of Chevron’s South African and Botswana assets after reaching a deal with local investors. The assets include a 100,000 barrel...
Adani aims to tie-up funding for Australia coal mine project by March
India’s Adani Enterprises Ltd aims to tie-up financing for its Carmichael coal mine project in Australia by March 2018, a senior company executive told Reuters, adding it would look to sell a minority stake in the...
Glencore to raise stake in Peruvian zinc miner Volcan
Miner and commodities trader Glencore (GLEN.L) has agreed to buy a further stake worth at least $531 million in Peru’s largest zinc miner, Volcan Compañia Minera SAA (VOL_pb.LM), the company said on Tuesday. Glencore...
NMDC plans to sell nearly 49% stake in its Chhattisgarh steel plant
India’s top iron ore miner NMDC Ltd. is looking to sell a stake of at least 49% in its Chhattisgarh steel plant, as it prepares to begin production at the 3-million-ton facility in three to six months, according to a...
Essar invests Rs 830 cr to double Vizag Port iron ore capacity
Essar PortsBSE 0.15 % today said its Rs 830 crore expansion plan to almost double the iron ore handling capacity to 23 million tonne per annum (MTPA) at Vizag port is nearing completion. After completion of the project...
Indian billionaire Agarwal to buy bigger stake in Anglo American
Volcan Investments, the family trust of diversified miner VedantaBSE -1.66 % on Thursday said it was increasing its stake in Anglo American. In a statement, it said it was increasing its stake by acquiring shares worth...
Coal India nears coking coal asset acquisition in Australia
On the lookout for acquisition of coking coal assets abroad, government-owned Coal India is in an advanced stage of talks with an Australian coal mining company based out of Queensland, where it plans to acquire...
Vedanta to invest Rs 50,000 cr on India business expansion: Anil Agarwal
Metals and mining conglomerate Vedanta Resources has plans to invest around Rs 50,000 crore on business expansion in India in coming years, its Chairman Anil Agarwal said today. He also expressed hope that the...
Kumar Mangalam Birla looks for possible merger with Constellium, Aleris Corp.
Indian billionaire Kumar Mangalam Birla is evaluating possible bids for Constellium NV and Aleris Corp. as his conglomerate seeks to grow its aluminum operations overseas, people with knowledge of the matter said...
