Korea Zinc plans 10-for-1 stock split
Rival Young Poong and private equity firm MBK Partners have been trying to take over the world's biggest zinc refiner.
Platts reports Monday three of the 40 companies named last week in a Rs160 billion ($3.56 billion) iron ore anti-corruption probe report in India have denied all allegations of wrongdoing.
Karnataka, which accounts for a quarter of India’s iron ore exports, banned iron ore shipments in July 2010 in a bid to curb illegal mining practices.
Platts reports State-run iron ore producer and exporter NMDC was accused in the report of selling iron ore below prevailing market rates. “It is observed that in some exports, the NMDC sale rates are very low as compared to sale rates of other exporters and prevailing market rates during the same period,” the report said.
