Investment company ICT Holding, owned by Russian businessman Alexander Nesis, has sold its 23.9% stake in gold and silver producer Polymetal International to a consortium led by the Omani government, Polymetal said in a...
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...
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 to sell some stake in Hindustan Zinc by next month: DIPAM secy
The government is likely to sell a part of its residual stake in Hindustan Zinc Ltd by next month to help it achieve the revised sell-off target of Rs 50,000 crore for the current fiscal, DIPAM Secretary Tuhin Kanta...
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...
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...
Centre seeks bids from i-bankers to assist stake sale in Hindustan Zinc
The Centre has sought bids from merchant bankers to assist the government in offloading its 29.5 per cent residual stake in Hindustan Zinc (HZL) in tranches. The Centre’s 29.5 per cent stake in HZL is valued at around...
Australian gold miner Genesis in merger talks with rival St Barbara
Gold miner Genesis Minerals said it was in talks with larger rival St Barbara Ltd to consolidate operations in the Leonora district of resource-rich Western Australia. A potential combination would give Genesis control...
Vedanta mulls demerger of some businesses with separate listing & leadership
Billionaire Anil Agarwal-led Vedanta Ltd is evaluating a demerger of its aluminium, iron & steel and oil & gas businesses, which will be run as standalone listed entities with separate leadership in what it...
Kolkata’s Atha Group to exit clean energy biz; in talks to sell 365 MW assets
Kolkata-based mining and minerals group Atha plans to exit their clean energy business by selling 365 MW assets spread across seven states. The proposed deal is likely to value the assets at an enterprise value of...
NMDC board approves up to ₹1,378 crore buyback plan
State-owned NMDC on Wednesday said its board has approved a share buyback proposal of up to ₹1,378 crore. In a BSE filing, the company said the decision was taken at a meeting of its board on Tuesday. “The board...
K+S signs agreement for $3.2 billion sale of Morton Salt business
K+S has signed an agreement to sell its North and South American salt business to Stone Canyon Industries Holdings and affiliates for $3.2 billion, the German minerals miner said in a statement on Monday. Shares in K+S...
