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Metals and Mining Industry News
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Tata Steel Q3 FY22 profit after tax surges by 139% to Rs 96bn
Tata Steel Limited has reported a profit after tax (PAT) of INR 9,598 crores for the third quarter…
Vedanta Limited denies reports of possible merger with Vedanta Resources
Vedanta Limited has quashed media reports that the company is in preliminary talks with prospective advisors regarding the…
Tata Steel to acquire 93.7% stake in Neelachal Ispat Nigam for Rs 12,100cr
Tata Steel said that its subsidiary Tata Steel Long Products has prevailed in a bidding process to acquire…
Ashoka Metcast raises stake in Rhetan TMT to 89.3% through loan conversion
Ashoka Metcast lifts its shareholding in Rhetan TMT to 89.3% by converting debt into equity. Find out what this means for the steel sector today.
Nippon Steel to acquire Thai flat steel producers G Steel and GJ Steel
Nippon Steel Corporation (NSC) said that it will acquire Thailand-based flat steel producers G Steel Public Company Limited…
Lithium Power to create WA-focused lithium exploration company
Lithium Power International (LPI) has revealed its plan to demerge its Western Australian (WA) hard rock lithium assets…
Cerrejón coal mine : Glencore takes full ownership for $588m
Glencore has wrapped up its previously announced $588 million acquisition of stakes of 33.3% each from Anglo American…
Nucor to build $2.7bn sheet mill in Mason County, West Virginia
Nucor Corporation has selected Mason County in West Virginia for its nearly $2.7 billion worth new sheet mill…
Vedanta acquires Goa-based nickel and cobalt producer Nicomet
Indian mining company Vedanta said that it has acquired Nicomet, a Goa-based nickel and cobalt producer, for an…
Adani Enterprises forms Mundra Aluminium to build alumina refinery and aluminium smelter
Adani Enterprises sets up Mundra Aluminium Limited to develop an alumina refinery and smelter project in India. Find out how this move signals a bigger bet on metals.