Top global miner BHP Billiton outlined plans to boost coal output by 8 percent over the next three years while slashing costs and said it would only consider premium, lowest-cost assets for any acquisitions. BHP...
Fortuna Silver Mines to acquire Goldrock Mines
Goldrock Mines Corp * Each common share of goldrock (a “goldrock share”) will be exchanged for 0.1331 of a fortuna common share * Deal for total equity value of approximately c$129 million on a fully-diluted...
5 subsidiaries of Coal India to buyback up to 25 per cent shares
KOLKATA: Five subsidiaries of Coal India will buy back up to 25 per cent of their shares from the parent so that the coal monopoly can go ahead with its own share buyback offer to the government and the public...
Government forms inter-ministerial group to discuss Coal India share buyback
KOLKATA: A difference of opinion with Coal India BSE 3.62 % over share buyback has led the government to form an inter-ministerial group to discuss the pros and cons of the proposal as well as the optimum quantum. The...
Xstrata in merger talks with rival Anglo
Mining group Xstrata has approached rival Anglo American about a merger that would create one of the world’s biggest mining companies, a report said on Sunday. Xstrata’s chief executive Mick Davis wrote to...
Jindal Steel in talks with Aussie co for coking coal exploration JV
Naveen Jindal-led Jindal Steel & Power (JSPL) is in advanced talks with New South Wales-based mining firm Hudson Resources to form a joint venture for exploration and mining of coking coal in Australia, said a...
Jet Gold to buy 30 pct of Haib Copper Deposit in Namibia
Jet Gold Corp : * Jet Gold enters into agreement to acquire 30 percent of HAIB Copper Deposit in Namibia through an interest in Haib Minerals * Entered into agreement to buy 30 percent of Haib Minerals Ltd in exchange...
Glencore Considers Buying Anglo Stake in Colombia Coal Mine
Glencore Plc may increase its stake in Colombia’s largest coal mine, Cerrejon, if Anglo American Plc carries out recently announced plans to sell its one-third interest. Both Glencore and joint-owner BHP Billiton Ltd...
What Are Newmont Mining’s Acquisitions Plans?
Newmont Mining CEO Gary Goldberg discusses the company’s mergers and acquisitions outlook. He speaks on “Bloomberg Markets.” (Source: Bloomberg) Watch the whole video at
Stake sale in Hindustan Zinc not a ‘wise move’, says Mines Ministry.
Mines Ministry has told Finance Ministry that selling government’s stake in Vedanta-controlled Hindustan ZincBSE 1.24 % (HZL) is not a “wise move” as it is the only firm in India controlling production...
Canadian gold miner Kirkland Lake to buy St Andrew Goldfields
Kirkland Lake Gold Inc agreed on Monday to purchase fellow Canadian gold miner St Andrew Goldfields Ltd in an all-share deal valued at around C$178 million ($133.54 million) to create a mid-sized, Ontario-focused gold...
