Mining
Adani Group plans production from $10-bn Australian coal project by 2015
03 Dec 2012
Production is expected to reach its peak capacity of 60 million tonnes per annum by 2022 for the next 40 years
Rio Tinto to cut costs by $5 billion by 2014
30 Nov 2012
European regulator approves $67-bn Glencore-Xstrata deal with conditions
23 Nov 2012
Glencore now has to wait for the approval of regulators in China and South Africa to seal the merger, after shareholders of both companies this week finally approved the long-awaited merger
Xstrata-Glencore merger: investors snub £144-million retention bonuses
21 Nov 2012
Shareholders of Swiss miner Xstrata Plc voted by 78.9 per favouring the merger with Glencore, without the board-backed payments package to retain top officials
Glencore shareholders approve $67-bn merger with Xstrata
20 Nov 2012
After nine months of hard negotiations, shareholders of commodities giant Glencore International today voted overwhelmingly in favour of its $67-billion merger with diversified Anglo-Swiss miner Xstrata Plc
Posco consortium to buy $1-bn stake in ArcelorMittal Mines Canada
14 Nov 2012
ArcelorMittal Mines Canada is one of the leading suppliers of iron ore to steel markets around the world, generating some 40 per cent of Canada’s total ore production
BHP Billiton exits Diamond business with sale of Ekati mine to Harry Winston for $500 mn
14 Nov 2012
BHP Billiton, the worlds biggest miner, will exit the diamond mining business after selling its stake in the Ekati diamond mine in Canada and Diamonds Marketing operations
Odisha continues crackdown on mining firms
08 Nov 2012
Ministerial group moots deallocation of 8 PSU coal blocks in Chhattisgarh
07 Nov 2012
The inter-ministerial group, which has so far reviewed 19 out of 33 cases, held marathon meetings on 5 and 6 November to decide on deallocating the eight blocks
Codelco to sell part stake in Anglo American Sur JV to Mitsui for $998 mn
02 Nov 2012
Codelco had earlier taken Anglo American to court after it sold a 24.5-per cent stake in its Sur copper mining complex in southern Chile to Japanese trading house Mitsubishi, for $5.39 billion
Anglo American Platinum cedes majority stake in mine to locals
02 Nov 2012
The new shareholders will not pay any money for the 51 per cent stake they will receive, but Unki will issue shares worth $142.8 million under a 10-year loan, which would be repaid by new shareholders by waiving their rights to dividends
Noble, Posco drop $1.24 billion bid for Australia’s Arrium
31 Oct 2012
Arrium had, on 1 October, rejected the consortium's offer of A$75 cents a share that valued the Sydney-based company at $1-billion
JSPL close to acquiring West African iron ore mine for around $2 bn
22 Oct 2012
After terminating a $2.1-billion iron ore development deal in Bolivia this year, Jindal Steel & Power Ltd (JSPL), controlled by billionaire politician Naveen Jindal, is close to acquiring an iron ore mine in West Africa for $2 billion.
Featured articles
Lighter than air, yet very, very powerful
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In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
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The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
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The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
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Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
