Australia’s Seven Group Holdings (SVW.AX) said on Tuesday it would sell its Chinese mining machinery division WesTrac China to Chinese firm Lei Shing Hong Machinery for A$540 million ($428.33 million). Lei Shing...
Govt raises Rs 327 cr from Hindustan Copper share sale
The government has raised Rs 327 crore by divesting 5.5 per cent stake in Hindustan Copper (HCL) through the offer for sale (OFS) route. The centre was looking to sell up to eight per cent in HCL, however...
BHP denies it has agreed to sell Samarco stake to Vale
BHP Billiton on Tuesday denied commentary in a Brazilian newspaper that it has agreed to sell its stake in the Samarco iron ore mine to its partner Vale. The Samarco mine has been shut since November 2015, when a dam...
Vedanta sees golden opportunity to buy Deccan Gold Mines
Just months after launching an audacious raid to buy into rival London miner Anglo American, Vedanta Resources is betting on gold, an area which is relatively new for the Anil Agarwal-promoted company. Vedanta has...
Yancoal gets OK to on-sell 16.6 percent of some Rio coal assets
Yancoal Australia has been cleared by its Chinese parent, Yanzhou Coal Mining, to sell 16.6 percent of the key assets of Rio Tinto’s Coal & Allied division, once its completes the $2.69 billion Coal &...
Hindustan Copper Limited signs MoU Mishra Dhatu Nigam Limited
Hindustan Copper Limited (HCL), the country’s largest integrated copper producer under mines ministry, has signed a Memorandum of Understanding (MoU) with Mishra Dhatu Nigam Limited (MIDHANI), a central public...
Washington Companies in talks to buy Canada’s Dominion Diamond: sources
Canada’s Dominion Diamond Corp (DDC.TO), the world’s third-largest diamond producer by market value, is in advanced and friendly talks with The Washington Companies on a sweetened cash takeover bid, sources...
Govt asks Vedanta to make a buyback offer for Cairn’s 9.8% stake
The government has asked Vedanta to make a buyback offer for Cairn UK’s 9.8 per cent equity in the company, attached by the tax department for non-payment of dues. The Anil Agarwal-led company is yet to get back to the...
NITI Aayog proposes break-up of Coal India into seven firms
India should split the seven units of state-controlled Coal India Ltd into independent companies to make it more competitive, the government’s policy think-tank said on Tuesday in a draft of a new energy policy...
Vedanta’s dream has just begun; to invest $6-7 billion: Anil Aggarwal
Working on creating a natural resources giant anchored in India, Vedanta’s dream has only just begun and it will invest USD 6-7 billion on expanding overall capacity in 3-4 years, metals and mining baron Anil...
Vedanta to set up steel plant in Jharkhand in JV with JSMDC
A steel plant would soon come up at Manoharpur in West Singhbhum district, Jharkhand Chief Minister Raghubar Das said here today. The Vedanta group and Jharkhand Mineral Development Corporation (JSMDC) would jointly set...
Vedanta to invest $1 bn more in FY18, says CEO
Tom Albanese, CEO of Vedanta Ltd and London-listed Vedanta Resources Ltd, is optimistic that the good days of metal and oil companies are finally here which would see the returns on investments to go up in the current...
