A unit of International Holding Company, Abu Dhabi’s most valuable company, is interested in acquiring Zambia’s Lubambe Copper Mine, an asset that China’s JCHX Mining has already agreed to buy, three...
Hindustan Zinc may put off demerger
Hindustan Zinc Ltd (HZL) could put on hold its restructuring plan to create two separate entities for now after the government, which owns a 29.54% stake in the miner, resisted that bid. In a letter to the mines...
Vedanta’s plan to demerge businesses may face hurdles from shareholders, creditors: Report
Vedanta’s plan to demerge its businesses into separate entities could face hurdles from its minority shareholders and creditors, according to a report. On September 29, the mining conglomerate announced plans to...
Govt to sell 7% in NLC India via offer-for-sale, aims to raise ₹2,058 cr
The government will offload a 7% stake in state-run lignite producer NLC India through the offer-for-sale (OFS) route, which includes a green shoe option of 2%, a top official said on Wednesday. It would rake in about...
Piedmont Lithium to sell remaining stake in Sayona Mining for $39 mln
U.S. miner Piedmont Lithium said on Wednesday it would sell its remaining shares in Australian miner Sayona Mining for about A$59.9 million ($39.28 million). Weakness in lithium prices due to global supply outweighing...
JSW Steel in talks for $1 billion stake in Australia’s Blackwater coal mine
Steel major JSW is reportedly in talks to acquire a 20% stake in Australia’s Blackwater coal mine, with the purchase expected to cost $1 billion. Media reports say the deal is expected to close by the end of this...
Vedanta’s demerger process to be completed in next 9-12 months: Official
Vedanta is working “actively” for demerger of its key businesses, including aluminium, into separate listed companies and the process is likely to be completed in next nine to 12 months, a top official of...
Silver Hill Energy Partners to buy Liberty Resources’ North Dakota assets
Silver Hill Energy Partners said on Wednesday it would acquire Liberty Resources II’s interests in oil and gas properties and all of Liberty Midstream Solutions in North Dakota for an undisclosed amount. Merger...
First Quantum in talks with Jiangxi Copper on sale of stake in Zambian mines-source
Canadian miner First Quantum Minerals is in talks to sell a stake in its Zambian copper mines to Chinese state-owned Jiangxi Copper Corp, aiming to bolster the company’s finances, a person familiar with the matter...
South Africa’s Gold Fields sells Asanko stake in $170 mln deal
South Africa’s Gold Fields said it had agreed to sell its 45% stake in Ghana’s Asanko gold mine to joint venture partner Galiano Gold in a $170 million cash and shares deal. Galiano already owns 45% of...
Allkem shareholders approve $10.6 billion Livent lithium merger
Investors in Australian lithium producer Allkem voted to accept a $10.6 billion merger offer from U.S. giant Livent that would create one of the world’s biggest lithium companies. Allkem said in a regulatory...
Lithium refiner Stardust Power to go public via $490 mln blank – check deal
Stardust Power, a lithium refiner supplying the electric vehicle industry, on Tuesday agreed to go public in the U.S. through a merger with a blank-check company in a deal valued at $490 million. Once a niche metal used...
