Indian controlled, but London listed, diversified miner, Vedanta, is reported to be poised to float off Konkola Copper Mines, its major Zambian copper producer, in a London Initial Public Offering, for around US$ 7.3bn.
See …
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Glencore: the monster has landed!
The world’s biggest commodities’ trader has “gone public” on the London and Hong Kong Stock Exchanges, following the conditional issue of shares to its so-called “cornerstone investors” over the previous week.
Glencore has leapt straight …
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Mines Bigger than Yours! Forbes’ rankings surprise
Forbes magazine has, until lately, rated the size (or power, if you prefer) of publicly-listed companies according to their value in the market (market capitalisation) on any specific date. Now it’s adopted three further criteria …
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Vedanta’s profits rise
India-focused miner Vedanta Resources posted a 29 percent jump in full-year earnings per share, on the back of strong metal prices and a background of robust demand for commodities.
See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=126417&sn=Detail&pid=92730.…
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Banks seek ways to block merger between London and Toronto Stock Exchanges
Banks opposed to the planned combination of TMX Group Inc and London Stock Exchange Group PLC are looking for ways to thwart the deal, and are seeking the backing of Canada’s biggest pension funds. Talks …
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Glencore is accused of tax evasion in Zambia but goes for London Launch
Last week Switzerland-based Glencore – the world’s biggest minerals trader – announced it would seek a listing on the London and Hong Kong Stock exchanges in mid-May.
Amid the issues being raised about the firm’s …
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Vedanta Aluminium to raise over 2.2 billion pounds for Orissa project
Anil Agarwal’s Vedanta Aluminium is in the process of raising Rs 16000 crore (160 billion rupees, just over £2.2 billion) for its aluminium project in Orissa, sources with direct knowledge said. Another source said the …
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New report released on RBS coal finance during RBS-sponsored Climate Week
‘Dirty Money – Corporate greenwash and RBS coal finance’ takes the case of the Royal Bank of Scotland, an international bank with interests across the fossil fuel sector that is promoting itself as a genuine …
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Glencore has other options to London IPO
There are a number of options for Glencore to follow in terms of generating access to major capital and not all of them involve the mooted London IPO (initial public share offering on the London …
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