State miner to acquire 20% stake in Vale Indonesia

Mining News Pro - Brazilian mining giant Vale (NYSE:VALE) announced on Friday that its Canadian subsidiary Vale Canada Limited (VCL) has reached an agreement to sell a 20% stake in the nickel producer PT Vale Indonesia to state-controlled PT Indonesia Asahan (Inalum).

State miner to acquire 20% stake in Vale Indonesia

Mining News Pro - Brazilian mining giant Vale announced on Friday that its Canadian subsidiary Vale Canada Limited (VCL) has reached an agreement to sell a 20% stake in the nickel producer PT Vale Indonesia to state-controlled PT Indonesia Asahan (Inalum).

First Quantum launches arbitration against Zambian state miner

Mining News Pro - First Quantum Minerals has begun arbitration proceedings against Zambian state miner ZCCM-IH to try to resolve a dispute over a money transfer to the parent company of Kansanshi Mining, which is majority-owned by the Toronto-listed group.

Indonesia state miner secures loans for Vale Indonesia stake deal

Mining News Pro - Indonesia`s state mining holding company Mining Industry Indonesia has secured loans from two Japanese banks and a state bank to finance a stake acquisition from PT Vale Indonesia, a director said on Monday.

Indonesia state miner to acquire 20% stake in Vale Indonesia

Mining News Pro - State holding company Mining Industry Indonesia will acquire a 20% stake in Vale Indonesia for $500 million by June, 2020, the state miner’s acting chief executive said on Friday.

Indian State miners to form JV for power projects

Mining News Pro - Two of India’s largest State-run miners, Coal India Limited (CIL) and NLC Limited (formerly Neyveli Lignite Corporation Limited), have announced a joint venture (JV) to combine their respective strengths to implement thermal and renewable energy projects.

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