Rinehart buys 18% stake in Azure Minerals to block SQM takeover
Hancock Prospecting's stake in Azure is just short of the 20% level that would require a mandatory buyout offer.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Cornish Metals starts dewatering UK tin mine
The process, expected to take 18 months, is a key part of of Cornish Metals’ efforts to reopen the South Crofty tin-copper mine.
Rinehart may block SQM $1bn takeover of Azure Minerals
The Australian billionaire, who recently thwarted Albemarle’s buyout of Liontown, is said to be evaluating ways to hinder SQM's bid.
Over 4,000 jobs on the line with Sibanye-Stillwater’s latest restructuring
Announcement comes barely six weeks after the company kicked off a similar process at one of its South African gold mines.
SolGold advances plan to sell flagship Ecuador copper project
The miner said there are "several" parties eyeing the Cascabel copper-gold project, and that at least five suitors have completed site visits.
De Beers output falls amid Venetia mine transition
De Beers stopped its 30-year open pit mining operations at Venetia last year to transition it to underground extraction.
Petra Diamonds says supply curbs, India’s moratorium stabilizing market
The miner is confident about the positive effects that supply curbs by major producers and India's two-month import moratorium will have on the market.
Horizonte Minerals in talks to fund nickel project overrun
The Araguaia project is facing a 35% cost jump and first production has been delayed to the third quarter of next year.
SQM buys 30% stake in Australia’s Pirra Lithium
The Chilean lithium giant will ultimately increase its interest to 40% by spending $1.9 million in exploration.
Ionic wins licence to mine rare earths in Uganda
The Makuutu project has a geology similar to southern China's clay-type deposits, the cheapest and most accessible source of heavy REEs.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
