Top gold producer Newmont Corp said it had made a $16.9 billion offer for Australian peer Newcrest Mining Ltd to build a global gold behemoth, although investors and analysts said it undervalued the target amid a...
St Barbara to buy Genesis Minerals in $367 million deal to focus on Leonora gold district
Gold miner St Barbara Ltd (SBM.AX) agreed on Monday to buy smaller peer Genesis Minerals Ltd (GMD.AX) for A$541.3 million ($367.16 million), creating a mid-tier gold producer with a growing foothold in Western...
Glencore to sell Australian copper mine to SPAC for $1.1 bln
Glencore said that blank-check firm Metal Acquisition Corp (MAC) agreed to an amended agreement to buy the global miner’s Cobar copper mine in Australia in a deal valued at $1.1 billion. Glencore said the terms...
Australia’s Coronado Global ends merger talks with Peabody Energy
Australian coal miner Coronado Global Resources said it had ended talks with U.S.-based Peabody Energy Corp for a potential combination of the two companies, less than a month after confirming the discussions. Coronado...
Teck to sell stake in troubled Fort Hills project to Suncor for about $737 mln
Canadian miner Teck Resources Ltd said it has agreed to sell its 21.3% stake in the Fort Hills oil sands project to Suncor Energy Inc for about C$1 billion ($737.19 million) in cash, as it shifts focus to copper from...
Coal miner Coronado Global confirms merger talks with Peabody Energy
Australian coal miner Coronado Global Resources confirmed it was in confidential discussions with Peabody Energy Corp regarding a potential “combination transaction”. The Australian, citing sources, reported...
GMR will sell its 30% stake in a coal mining company in Indonesia for more than $420 million
PT Golden Energy Mines Tbk (PT GEMS), a step-down subsidiary of GMR Power and Urban Infra Limited, stated on Wednesday that it has entered into definitive agreements to sell PT Radhika Jananta Raya a 30% ownership...
Rio Tinto sweetens buyout offer for copper miner Turquoise Hill
Global miner Rio Tinto sweetened its takeover proposal for the 49% of Canada’s Turquoise Hill Resources it does not already own by $400 million to an all-cash $3.1 billion. To boost its chances of gaining direct...
ICICI Sec, Axis Cap among 5 bankers to manage govt’s HZL stake sale
ICICI Securities, Axis Capital and Citigroup Global Markets are among the five investment bankers selected to manage the sale of the government’s 29.53 per cent residual stake in Hindustan Zinc Ltd, an official...
Turquoise Hill rejects Rio Tinto’s $2.7 bln buyout offer
Turquoise Hill Resources Ltd on Monday rejected an offer by majority shareholder Rio Tinto Ltd, to buy the 49% stake it doesn’t already own for $2.7 billion, as it did not reflect the Canadian company’s full...
Centre shortlists six investment banks to assist in HZL stake sale
The Centre has shortlisted six merchant bankers to assist the government in offloading its 29.5 per cent residual stake in Hindustan Zinc in tranches. The merchant banks, which include ICICI Securities, SBI Capital...
Brigham Minerals explores sale of the company-sources
Brigham Minerals Inc, a company that owns the rights to extract oil and natural gas from land across numerous U.S. shale basins, is exploring options that include a sale or a merger, people familiar with the matter said...
