NEW DELHI: State-owned CILBSE 1.07 % is looking at entering into a pact with a South African government miner to jointly acquire coal mines in that country. “Coal India Ltd (CIL) is further considering signing of...
Gold’s $50 Billion M&A Spree Builds as Rally Boosts Values
A $50 billion gold-industry deals spree is extending into its third year, even as a surging bullion price makes sealing transactions and valuing mines more difficult. Gold has regained its luster as investors seek...
Anglo American rebuffs Anil Agarwal’s merger plan
Anil Agarwal, who has majority control of Hindustan Zinc through Vedanta, contacted Anglo American to discuss potential ideas including a combination with the Indian zinc miner. New York/London: Anglo American Plc, the...
Globex Mining finalizes acquisition of Francoeur, Arntfield mines
Globex Mining Enterprises Inc * Globex finalizes the acquisition of Francoeur and arntfield gold mines Source text for Eikon: Further company coverage: (Bengaluru Newsroom +1-646-223-8780). Recent Articles...
Anglo American rebuffs merger interest from India’s Agarwal: Bloomberg
Anglo American Plc (AAL.L) has rebuffed informal approaches by Indian mining and metals tycoon Anil Agarwal, Bloomberg reported, citing people familiar with the matter. Agarwal, who has majority control of Hindustan...
Kirloskar Ferrous to acquire pig iron plant of VSL Steels
NEW DELHI: Kirloskar FerrousBSE 1.88 % Industries today said it will acquire VSL Steels’s pig iron plant for Rs 155 crore in cash. “Board at its meeting on July 28, has granted in-principle approval for an...
Vedanta-Cairn merger offer sweetened for shareholders’ nod
MUMBAI: Vedanta and Cairn India have sweetened the deal for shareholders to make way for the merger of the latter with the parent company which has faced delays due to key shareholders expressing concerns over the...
Reserve Bank of India approves takeover of Hindalco’s Australian arm by Metal X
NEW DELHI: Aluminium maker HindalcoBSE -0.15 % today said Reserve Bank of India (RBI) has approved Australian miner Metal X’s improved takeover offer for its subsidiary Aditya Birla Minerals Ltd (ABML). “The...
Vedanta to tie up with South African company for gold mining
The Anil Agarwal-promoted Vedanta group was at the forefront of striking business deals during Prime Minister Narendra Modi’s visit to South Africa. It plans to tie up with a host of companies in South Africa, known for...
Dominion Diamond sees encouraging acquisition prospects in Canada
By Nicole Mordant Dominion Diamond Corp , Canada’s biggest publicly traded diamond miner, is keeping an eye out for acquisitions in Canada where some prospects are “very encouraging,” its chief...
New Rio CEO Skirts M&A to Focus on Own Mines and Beat Slump
The new Rio Tinto Group chief’s approach to navigating the downturn in the mining industry is simple: Keep calm and carry on. That’s the mantra 44-year-old Jean-Sebastien Jacques plans to adopt after just taking over as...
Indonesian group to buy 82.2 percent of copper-gold miner for $2.6 billion
An Indonesian investor group consisting of oil and gas tycoon Arifin Panigoro and banker Agus Projosasmito will spend $2.6 billion to buy 82.2 percent of Newmont Nusa Tenggara (NNT), which operates Indonesia’s...
