Refiner Delek U.S. Holdings Inc said it had agreed to buy the shares of Alon USA Energy Inc it does not already own for $464 million to increase its exposure to cheap crude produced in Texas’s prolific Permian...
Kiska Metals to be acquired by AuRico
Kiska Metals Corp: * Total value of this deal is approximately C$9.6 million * Kiska Metals Corp – under terms, holders of Kiska shares to receive about 0.0667 of Aurico common share plus c$0.016 in cash for each...
Tesoro to buy Western Refining for about $4.1 billion
U.S. oil refiner Tesoro Corp (TSO.N) said on Thursday it would buy Western Refining Inc (WNR.N) for $4.1 billion to add refineries in Texas, New Mexico, and Minnesota. The combined company will have a refining capacity...
Freeport closes Congo mine sale; Trump appointees keenly awaited
Freeport-McMoRan Inc (FCX.N) said on Wednesday it had wrapped up the $2.65 billion sale of its stake in the Democratic Republic of Congo’s Tenke mine, and the company’s chief executive said he hopes...
At e-auction, Coal India sells 35% stock at higher than listed price
KOLKATA: Coal IndiaBSE -1.32 % sold 7 million tons of coal, or 35% of the quantity on offer in an e-auction, at a floor price that was 20% higher than listed prices for non-power users. Traders, as well as power...
Hindalco considers raising $500 m via stock sale
Aditya Birla Group’s Hindalco Industries, which is the country’s largest aluminium producer, is considering raising as much as $500 million by issuing fresh shares, according to a Bloomberg news report. The news agency...
Australia’s Arrium sells Moly-Cop for $1.2 billion to American Industrial Partners
Australian industrial group Arrium has sold its Moly-Cop unit for $1.2 billion to private equity firm American Industrial Partners, a spokesman for KordaMentha told Reuters. The deal is expected to be settled in January...
Gold’s Hottest Stock Sees Mergers Off the Cards as Prices Surge
The opportunity for mergers and acquisitions in gold mining has already passed as share prices surge, according to the head of the best-performing producer in the past decade. “It’s hard to see how M&A adds value to...
Fosun in exclusive talks to buy stake in Russian gold miner Polyus: sources
Fosun International Ltd is in exclusive talks to buy a large minority stake in Russia’s biggest gold miner Polyus, three sources with knowledge of the matter told Reuters, in what would be the Chinese...
Chinese miners in talks for stake in Barrick’s Veladero mine – sources
China’s Zijin Mining Group Co Ltd and Shandong Gold Mining Co Ltd have held separate talks with Barrick Gold Corp to buy a 50 percent stake in its Veladero gold mine in Argentina, according to four sources with...
Teck to acquire 100 percent of Teena/Reward zinc project
Teck Resources Ltd * Teck to acquire 100% of teena/reward zinc project * Consideration will consist of AUD$10.6 million in cash * Teck resources Ltd – unit exercised right of the first refusal to acquire 49%...
Glencore expands bond buyback as manages debt
Miner Glencore has increased the size of a bond buyback tender to $1.49 billion from $1.25 billion, it said on Tuesday, seeking to seize on favorable conditions to reduce its debt burden. Miners, which racked up high...
