Vedanta says its Anglo American stake buy meets India’s criteria

Vedanta, the natural resources company controlled by Anil Agarwal said  its foreign subsidiary Cairn India Holdings’ $200 million investment in Anglo American met all governance requirements. The company, India’s largest miner and No. 1 iron ore exporter, said the deal was made on an arms-length basis in December 2018, adding it provided “significantly higher” returns compared […]

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Polls show confidence in India’s growth prospects; uncertainty over banking, power sectors, says Moody’s

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Some of the largest investors, intermediaries and issuers in Asia Pacific, polled by Moody’s Investors Service and its Indian affiliate, ICRA Limited, say they are confident about India’s stable economic growth prospects. More than 60% of market participants that the two surveyed in Mumbai and Singapore believe that India’s GDP growth rate will range between […]

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Precious metal streaming: how does it work

Miners seeking new capital have always had a variety of options: they could issue new shares, take out a loan, enter into joint-venture agreements, or divest non-core assets. However, in the last decade, a new option has emerged called “precious metals streaming” – in which streaming companies essentially offer capital up front to mining companies in […]

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