South Africa’s Gold Fields said it had agreed to sell its 45% stake in Ghana’s Asanko gold mine to joint venture partner Galiano Gold in a $170 million cash and shares deal. Galiano already owns 45% of...
Allkem shareholders approve $10.6 billion Livent lithium merger
Investors in Australian lithium producer Allkem voted to accept a $10.6 billion merger offer from U.S. giant Livent that would create one of the world’s biggest lithium companies. Allkem said in a regulatory...
Lithium refiner Stardust Power to go public via $490 mln blank – check deal
Stardust Power, a lithium refiner supplying the electric vehicle industry, on Tuesday agreed to go public in the U.S. through a merger with a blank-check company in a deal valued at $490 million. Once a niche metal used...
China’s MMG seals $1.9 bln deal to buy Khoemacau copper mine in Botswana
Chinese miner MMG Ltd’s share price jumped to a near eight-week peak after it agreed to buy Canada-based Cuprous Capital, the parent company of the Khoemacau copper mine in Botswana, with an enterprise value of $1...
Hindustan Zinc to submit demerger proposal to board in 4-6 weeks
Hindustan Zinc Ltd will take forward its proposal for a demerger to the board in around four-six weeks once final recommendations from the consultants are in, chief executive officer Arun Misra said. Late last month...
Vedanta’s demerger plan may overshoot timeline
Vedanta Ltd’s plan to demerge its businesses could overshoot its timeline of 12-15 months given the likely lender scrutiny, experts said, pointing to the complexities associated with the proposed value-unlocking...
Vedanta to demerge into six listed companies
Resources conglomerate Vedanta, which faces bond redemptions exceeding $3 billion over the next 18 months at its UK-based holding company, Friday said it would demerge into six listed companies to undergird the...
JSW Steel slows process to buy stake in Canada Teck coal unit amid diplomatic row
India’s JSW Steel Ltd is slowing down the process to buy a stake in the steelmaking coal unit of Canada’s Teck Resources, a source close to the discussions said, in the first sign that a diplomatic spat is...
Vedanta should buy parent’s African copper biz: Agarwal
Anil Agarwal, the mining tycoon, has suggested that his publicly traded company Vedanta Ltd acquire Konkola Copper Mines from parent Vedanta Resources Ltd, which has regained control of one of the world’s largest copper...
China’s ENN Natural Gas to sell coal miner for $915 million to focus on main business
ENN Natural Gas said it will sell its entire stake in its coal mining unit Xinneng Mining Industry for 6.67 billion yuan ($915 million) in a move to enhance the Chinese company’s focus on natural gas and optimize...
Newmont gets Aussie regulatory nod for $16.8 bln Newcrest deal
Gold miner Newmont Corp said it has received clearance from Australia’s competition regulator to proceed with its proposed A$26.2 billion ($16.80 billion) takeover of Newcrest Mining. If the deal goes through...
Newmont gets Aussie regulatory nod for $16.8 bln Newcrest deal
Gold miner Newmont Corp said it has received clearance from Australia’s competition regulator to proceed with its proposed A$26.2 billion ($16.80 billion) takeover of Newcrest Mining. If the deal goes through...
