Mining
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
