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...
Govt may not sell entire HZL stake after investors’ nudge
The Centre may opt to retain a part of its remaining stake in Hindustan Zinc Ltd (HZL) for an extended period, instead of divesting its entire stake, as the potential investors have expressed their preference for the...
Vedanta encumbers stake in HZL to raise Rs 1,500 cr in loans
Anil Agarwal-led resources conglomerate Vedanta has encumbered a part of its stake in Hindustan Zinc (HZL) to raise Rs 1,500 crore in loans against those shares at more than 50% margin to their market value, Vedanta...
Australian court approves BHP’s $6.4 billion OZ Minerals takeover
Global miner BHP Group Ltd said the Federal Court of Australia had approved its A$9.6 billion ($6.44 billion) takeover of OZ Minerals Ltd. The court approval follows overwhelming support from OZ Minerals shareholders...
Lundin Mining buys 51% stake in Chile’s Caserones mine for $950 mln
Lundin Mining Corp said it would buy a majority stake in Chile’s Caserones copper mine for about $950 million to expand the Canadian miner’s exposure to the red metal crucial for the green energy transition...
Vedanta denies talks of stake sale, calls them ‘untrue’, ‘baseless’
Vedanta Ltd on Thursday termed any talks of sale in oil-to-metals conglomerate as “untrue and baseless.” This comes in the wake of news report which said that mining mogul Anil Agarwal is contemplating...
