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...
Glencore to buy remaining 18% stake in PolyMet Mining
PolyMet Mining Corp Monday said it has accepted Glencore Plc’s proposal to buy the remaining 18% stake in the company, gaining full control of the mine development company, for about $73 million, reported Reuters...
SC dismisses Vedanta’s plea to ask govt to divest its HZL stake in open market
The Supreme Court dismissed Vedanta’s plea to direct the Centre to divest its 29.54% residual stake in Hindustan Zinc (HZL) in the open market, saying it cannot interfere with a “policy decision”. A...
Glencore proposes to buy remaining stake of PolyMet
Glencore Plc said it had proposed to buy the remaining stake in copper miner PolyMet Mining it does not already own for about $71 million. The Swiss commodity trader already owns 82.26% of PolyMet. Glencore is in the...
Government proposes to sell 3% stake in Coal India
The Indian government is proposing to sell up to a 3% stake in state-owned miner Coal India Ltd at a floor price of 225 rupees per share, it said in a notice on Wednesday. The Offer for Sale (OFS) will be open for...
JSW Group exploring possibilities to acquire coking coal mines in offshore markets: Sources
Homegrown firm JSW Group is exploring possibilities to acquire coking coal mines in offshore markets, industry sources said. The steel-to-infrastructure group is exploring the mineral assets in countries like Australia...
Australia’s Allkem tops ASX 200 on $10.6 bln merger with Livent
Australian lithium producer Allkem surged more than 14% on Thursday after announcing a $10.6 billion merger with U.S- based Livent to create the third-largest producer of the key component used in electric-vehicle...
Hindustan Zinc’s all-cash bid for Vedanta’s assets lapses: Report
Hindustan Zinc Ltd’s proposal to buy certain zinc assets from Vedanta Group for $2.98 billion in cash has lapsed as the Indian miner did not get shareholders’ approval within the stipulated time limit, said...
