U.S. rare-earths producer MP Materials said Australian billionaire Gina Rinehart’s mining firm had taken a 5.3% stake in the company, expanding her investments in the mineral ore sector. In a regulatory filing...
Alamos Gold to buy smaller peer Argonaut for $325 mln
Canadian gold miner Alamos Gold will acquire smaller rival Argonaut Gold for $325 million in an all-stock deal, the companies said on Wednesday. The deal would increase Alamos’ gold production to 600,000 ounces...
Australia’s Ramelius Resources ends buyout talks with Karora Resources
Australian gold miner Ramelius Resources Ltd said on Thursday it had ended discussions with Karora Resources for a potential acquisition of the Canada-based mine operator. Shares of Ramelius rose as much as 2.2% to hit...
UAE conglomerate seeks to gatecrash China’s JCHX Zambian copper deal
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...
