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...
Permian Resources to buy Earthstone in $4.5 bln deal
Permian Resources said it would buy Earthstone Energy in an all-stock transaction valued at about $4.5 billion, including debt, boosting the shale producer’s presence in the Delaware Basin. Delaware Basin, a part...
JSW Steel may pick majority stake in Teck Coal unit
JSW Steel Ltd. is looking to form a consortium to bid for a majority stake in Teck Resources Ltd.’s steelmaking coal business, people with knowledge of the matter said, potentially rivalling an $8 billion offer from...
Glencore to buy Pan American’s Argentine copper mine stake for $475 million
Glencore agreed to buy Canadian miner Pan American Silver Corp’s majority stake in an Argentine copper project for $475 million, as the Swiss commodities giant bulks up red metal that is expected to play a crucial...
Brazil’s Vale to sell 13% stake in base metals unit for $3.4 bln
Brazilian miner Vale said it reached two separate agreements to sell a 13% stake in its base metals business for $3.4 billion, aiming to boost its copper and nickel output. The sale is part of Vale’s strategy to...
Hindustan Zinc stake sale likely to be delayed by government: Report
Indian government may delay its decision to sell its stake in Hindustan Zinc until a turnaround in the sector’s fortunes, following the advise of merchant bankers, two government sources told Reuters. However, one...
