Wesfarmers has postponed its final investment decision on the Mt Holland lithium project in Western Australia until the first quarter of 2021.
The energy and resources sector accounted for 30 per cent of public merger and acquisition (M&A) deals in the 2019 financial year.
Stay on top of the most popular stories on Australian Mining over the past week, including another significant find at the Beta Hunt gold mine in Western Australia.
Wesfarmers has executed its acquisition of Kidman Resources by completing a $776 million deal.
Wesfarmers’ $776 million bid to acquire Kidman Resources has been overwhelmingly backed by the lithium miner’s shareholders.
Stay on top of the most popular stories on Australian Mining over the past week, including a setback for Adani in its development of the Carmichael coal project in Queensland.
Wesfarmers has walked away from its $1.5 billion takeover offer for Lynas Corporation.
Wesfarmers has bolstered the resources experience on its board through its appointment of Fortescue deputy chairman Sharon Warburton.
New Hope Group produced 40 per cent more coal during the quarter ending April against a year ago after twice increasing its stake in the Bengalla joint venture in New South Wales.
Chilean lithium major Sociedad Química y Minera de Chile (SQM) has reported decreased sales in its March quarter but remains positive about the future of the lithium industry.
Wesfarmers has secured a scheme implementation deed (SID) with Kidman Resources regarding a proposed takeover deal announced in early May.
Stay on top of the most read articles on the Australian Mining website over the past week, including an opportunity for further growth at Pilbara Minerals’ lithium site at Pilgangoora.
Wesfarmers’ hunt for access to metals needed for electric vehicles (EVs) has accelerated with a $776 million takeover offer for Australian lithium company, Kidman Resources.
Lynas Corporation’s board of management has urged shareholders not to accept Wesfarmers’ “unsolicited” $1.5 billion bid for the company announced last month.
Dysprosium price has shown “seriously positive moves”, shooting up more than 20 per cent at a time when Lynas is bringing M&A focus to the forefront.
Wesfarmers has provided an update on its proposed $1.5 billion takeover of rare earth-focused company Lynas Corporation.
Lynas Corporation plans to make Wesfarmers work for a takeover of the rare earths company
Wesfarmers has set its sights on Lynas Corporation with a $1.5 billion takeover bid.
Three mining companies have taken a podium finish in IBISWorld’s list of the top 1000 companies in Australia by revenue.
New Hope has sealed the deal on its acquisition of Wesfarmers’ stake in the Bengalla joint venture (JV) in the Hunter Valley, New South Wales.