Mining
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.
CBI charges Yeddyurappa, JSW Steel in graft case
17 Oct 2012
Former Karnataka chief minister B S Yeddyurappa has been accused of receiving a Rs20-crore kickback from South West Mining in return for waiving Rs890 crore due to the state government
