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MINING INDUSTRY TAKEOVER
Australia blocks acquisition of lithium mine by China-linked firmAustralia has barred the takeover of financially stricken lithium miner Alita Resources Ltd by a China-linked company after advice from Aus...
Sebi slaps Rs 11 cr fine on 28 entities on failing to make public announcementThe fine amount has to be paid by the entities jointly and severally.
Hindalco accepts buyout bid for Australian armAditya Birla Minerals stated that it is closing the strategic review process it had undertaken in the past six months, which helped a 'robu...
Megadeals drive torrid pace for M&A activity, hits $1 trillion in four monthsThe value of corporate takeovers announced in 2014 hit the $1 trillion mark Monday, reaching that level at the fastest pace in seven years.
Mines as JVs among locals and miners is the solution for NiyamgiriIndia's mineral resources are heavily concentrated in areas inhabited by tribals, among India's most neglected people.
- Oz floods force cos to delay coal M&A plans
Indian companies looking to acquire Australian coal assets appear to have put their plans on hold for at least three to six months followin...
- FICCI opposes mining bill, debunks tribal compensation scheme
Criticising the government's Mining Bill, FICCI has said that the proposed legislation would adversely impact investments in the sector.
- EU widens Billiton-Rio Tinto probe
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying ...
- Corus raises competition concerns over BHP bid for Rio Tinto
Leading steel maker Corus, which was taken over by India's Tata Steel last year, fears that BHP Billiton's bid to takeover mining major Rio...
- EU sets July 4 antitrust deadline for BHP bid for Rio Tinto
The European Commission said on Friday it would either rule on mining giant BHP Billiton's hostile takeover of rival Rio Tinto by July 4 or...
- Alcoa joins with Aluminum Corp. of China to buy 12 percent of Rio Tinto shares
Alcoa Inc. and Aluminum Corp. of China announced Friday the joint purchase of 12 percent of London-listed Rio Tinto PLC's shares in a deal ...
- Rio revives talks for ore mining in Orissa
The India story continues to inspire Anglo-Australian mining giant Rio Tinto.
- Japanese steel cos bolster defences against takeovers
Nippon Steel, the world’s second-biggest steelmaker, and two Japanese rivals will spend 260 billion yen buying stakes in each other to bols...
- Chinese whispers fire up Vedanta shares to 12% in LSE
Analysts believe that consolidation will increase in the industry as resource-starved firms hunt for assets in resource-rich locations. 7 w...
- China, Japan up the ante as BHP takes Rio bid forward
BHP Billiton CEO Marius Kloppers was to meet Tuesday with South Korea’s two biggest steelmakers, the South Korean companies said.
- China deeply concerned by BHP bid for Rio
China's steel industry, the world's largest, is deeply concerned about a proposed merger of miners BHP Billiton Ltd and Rio Tinto, accordin...
- Battle for mines begins as cos hunt for fresh supplies
From Ontario, Canada, to Rio de Janeiro in Brazil to the US city of Phoenix, Arizona, the global battle over precious metals has blasted op...