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Indian Mining Companies Group, Vedanta Resource Plans To Buy Stake in Madras Aluminium Company
Indian focused mining group Vedanta Resources Plc plans to pay USD 34 million to boost its stake in Madras Aluminium Company Limited to 93% from 80 after an offer to minorities shareholders.
Vedanta Group, Mining Companies Golden Steps in Mining and Metal Industry
India’s Vedanta group is scripting a success story in mining sector with its brave decisions to acquire new companies even though the global meltdown has wreaked havoc in metal sector.
Vedanta Group Plans To Expand Mining Exploration and Production in India
Vedanta Group plans to pump in USD 13.514 million in India by 2011-12, in its goal to make it the company world’s fifth largest metal and mining entity.
Vedanta Group Plans To Invest in Copper Mine, Iron Ore and Other Mining Exploration Sector
London based Vedanta Group plans to pump in Rs 700 billion in India by 2011-12, in its goal to make it the company world`s fifth-largest metal and mining entity, reports Business Standard.
Mining Market, Prices and Demand, Metal-Copper Steady and Major Mining Hurt Slump
- Copper steady after 2 days of large price swings
- Demand concerns, rising inventories weigh
- Mining majors hurt by slump in prices
World Mining Companies Worries Development Of Global Recession
Investors hammered mining and energy stocks on renewed fears a global recession would further slash demand for commodities and after BHP warned Chinese demand was set to weaken.
Slumping metals and oil prices dragged resource shares lower on Wednesday, while miner Rio Tinto Plc dismissed talk it planned to launch talks with suitor BHP Billiton Plc [...]
Coal Mining Exploration Project to Share Profits from CIL with Govt
Corporate majors like Reliance, Essar and GMR, which are vying for the USD 6-8 billion project to convert coal into oil, may have to share profits earned thereby with the government, official sources said.
“We have proposed the companies to share profits from coal-to-liquid (CTL) project with the government to which many have agreed to,” [...]
Mining Companies Stock On U.K. Trade : BHP Billiton, Rio Tinto, Vedanta Lead Decline
U.K. stocks fell, led by BHP Billiton Ltd., the world’s largest mining company, and Rio Tinto Group as metal prices retreated.
Provident Financial Plc, a U.K. lender to lower-income households, dropped after saying 2007 pretax profit before items will fall. Arriva Plc declined after saying 2007 earnings at its rail division will be affected by the [...]
Equinox Minerals Nears Debt Drawdown Time
Emerging copper producer Equinox Minerals has put a final touch on financing for its 100%-held Lumwana copper project in Zambia by securing a credit facility for contingent costs.
Equinox said the $45 million facility would only be used if cost overruns or other contingent obligations were encountered at the $847 million project, where mine commissioning was [...]
