Vedanta seeks $1 billion in upsized share placement
Vedanta is joining a slew of Indian companies tapping stock investors amid surging valuations and increasing demand for equity investments in the country.
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State-controlled Indonesian tin producer PT Timah plans to order two new generation dredges worth around $100 million this year, the Antara news agency has reported. Timah is gradually upgrading its dredge fleet, replacing its old bucket ladder dredges by either the new deep water vessels or smaller lower cost cutter suction ones. It a recent presentation the company said that its offshore tin mining leases contained resources of an estimated 649,402 t of tin, of which 217,549 t were Proven and Probable reserves. (more…)
