A proposed merger between two Canada-based gold miners is the latest example of consolidation in an industry that remains under pressure to cut costs, even as stronger gold prices smooth the way for deal-making. On...
Vedanta shareholders approve merger with Cairn India
LONDON: Mining major Vedanta Resources said on Tuesday that its shareholders have approved the merger of group companies Vedanta Ltd. and Cairn IndiaBSE 1.08 %. “Vedanta Resources announces that at its general...
Teck announces acquisition of securities of Jet Gold
Teck Resources Ltd : * Teck announces acquisition of securities of jet gold * Acquired 8,333,333 common shares, of Jet Corp and a $389,117 principal amount convertible debenture of Jet Gold Corp * Jet gold issued...
Homestake shareholders approve acquisition by Auryn
Auryn Resources Inc * Homestake shareholders approve acquisition by Auryn * Says approximately 98.2 pct of votes cast by Homestake shareholders were voted in favour of arrangement Source text for Eikon: Further company...
Eric Sprott announces acquisition of shares of Jaguar Mining
Eric Sprott * Eric Sprott announces acquisition of shares of Jaguar Mining Inc * Acquired 47 million common shares of Jaguar Mining Inc (representing approximately 27.3 percent of outstanding shares) Source text for...
Vedanta, Cairn India say talks with minority shareholders on merger ‘encouraging’
MUMBAI/KOLKATA: Top executives of Vedanta Ltd. and oil and gas company Cairn India, which plan to merge, said their interaction with minority shareholders has been encouraging, almost a month after the natural resources...
Hindalco divests stake in Australian arm Aditya Birla Minerals
MUMBAI: Aluminium maker Hindalco has divested its stake in Australian arm Aditya Birla Minerals for 73 million Australian dollars to Metals X. The divestment was completed in July this year. Aditya Birla Minerals...
Vedanta merger: Cairn calls shareholders’ meeting on September 12
Cairn India has called a shareholders’ meeting on September 12 to seek approval for the company’s takeover by its parent Vedanta Ltd under a revised all-share deal. In a bid to salvage the merger of cash...
Lincoln Mining and Goldcliff Resource form joint venture
Lincoln Mining Corp * Lincoln Mining and Goldcliff Resource sign letter of intent for a joint venture at Pine Grove, Nevada * Lincoln Mining Corp says Goldcliff and Lincoln plan immediate resumption of permitting...
Cairn’s biz outlook could suffer after merger with Vedanta
Oil company Cairn India’s business outlook might become more uncertain after its merger with metals major Vedanta because energy prices are less volatile than those of base metals. Vedanta recently sweetened the...
Osisko Mining announces acquisition of common shares of Barkerville gold
Osisko Mining Corp * Osisko mining announces acquisition of common shares of Barkerville gold * After transaction, co will have ownership of a total of 50 million Barkerville shares * Barkerville is well funded with...
Vedanta Resources aims to close merger with Cairn India in early 2017
Vedanta is among the resource firms hit by a collapse in commodity prices and it is also facing legal action and activist protests over its operations in Zambia. Mining and energy group Vedanta Resources expects to...
