Erris Resources plc and Bacanora Lithium are in the “advanced stages” of a reverse takeover under which Erris will acquire Bacanora’s 50% stake in Deutsche Lithium GmbH in exchange for new shares in...
K+S shortlists billionaire, private equity for Morton Salt sale: sources
German minerals miner K+S has shortlisted hedge fund billionaire James Simons’ family office as well as private equity firms for a sale of its $2 billion Morton Salt business, people familiar with the matter said. K+S’s...
Vedanta implementing resolution plan for acquisition of FACOR
The decks have been cleared for Vedanta Ltd’s acquisition of Ferro Alloys Corporation Limited (FACOR). In a notification to the BSE on Friday, the Anil Agarwal-led resources major said it is implementing the...
Rio Tinto scraps plans for Canadian iron ore unit sale, floatation – WSJ
Anglo-Australian miner Rio Tinto PLC has cancelled plans for the sale or floatation of its Canadian iron ore business, following unsuccessful attempts to find buyers, the Wall Street Journal reported on Sunday. Rio...
Strategic sale of BEML, NMDC unit accelerates
With a poor show so far on disinvestment, the government has identified a clutch of PSUs that would go on the block in the coming months even as it faces major challenges in the wake of FPI outflow and depressed...
Pilbara Minerals takes lithium mine stake off table, slices sales forecast
Pilbara Minerals Ltd on Tuesday took a stake in its Australian lithium mine off the market, cut its sales forecast and curbed spending plans amid a downturn in the market for the battery raw material. The Western...
Tianqi says happy ‘for now’ with stake in SQM: president
Tianqi Lithium Corp is happy for now with its stake in rival SQM and is working to deepen business ties with the Chilean lithium producer, the Chinese company’s president said on Monday. Tianqi last December bought a 23...
Fieldex enters reverse-takeover deal with Copeland Biosciences
Fieldex Exploration Inc said on Monday it will acquire Copeland Biosciences through a reverse takeover of the Canadian mineral exploration firm by Copeland and its shareholders, which will involve a three-cornered...
Coal India board to consider share buyback on Monday
State-owned CIL announced that its board will meet on Monday to consider and approve buyback of shares of the company. “Board meeting of the company is scheduled on Monday, the February 4, 2019 interalia to...
Coal India in talks with Gail, IOC for CBM JVs
Coal India NSE 0.47 % is in talks with Gail India and IOC for joint ventures to develop coal bed methane fields and sell the product. Coal India has already lined up investments to the tune of Rs 3,000 crore for its...
Singapore’s GEAR fails to win bid for Stanmore Coal
Singapore’s Golden Investments said on Wednesday that it will seek a board position at Australia’s Stanmore Coal Ltd (SMR.AX) as its biggest shareholder, despite the failure of a A$240 million ($171 million) takeover...
PNB drags Binani to NCLT as subsidiary Edayar Zinc fails to repay loan
In a major development, state-run lender Punjab National Bank has dragged Binani Industries to the National Company Law Tribunal (NCLT) as its subsidiary Edayar Zinc has committed default in repayment of the outstanding...
