Wesfarmers Mining News

Wesfarmers' soft bid for Kidman spotlights lithium's financing issues

Wesfarmers' bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday.

Wesfarmers bets on electric cars with $544m bid for Australian lithium miner Kidman

The offer of A$1.90 per share represents a premium of 47.3% to Kidman's last closing price.

Australia's Lynas posts 33% jump in Q3 rare earths output amid takeover interest

Output of rare earths oxides in the quarter ending March 31 was 5,444 tonnes, compared with 4,110 tonnes produced last year.

Australia's Wesfarmers hints takeover battle for Lynas not over

Comments foreshadow an intense takeover battle for the only proven producer of rare earth elements outside China.

Wesfarmers $1.5B bid on rare-earth company may be a sign of moves to come

The Wesfarmers bid highlights an imminent change in attitudes where it cannot be denied that rare earths will play a major role in the future.

Lynas declines Wesfarmers $1.1B takeover bid

Wesfarmers made a buyout offer of A$2.25 per Lynas share.

Australia's Wesfarmers makes $1.1B bid for rare earth miner Lynas

The offer represents a premium of nearly 45% on Lynas' closing price on Monday, but comes come with some significant conditions, including the rare dearth miner securing all necessary licences in Malaysia.