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.
New Hope Corporation has secured deals with minority partners Taipower and Mitsui to cement a controlling stake in the Bengalla thermal coal mine in New South Wales.
Thiess has been awarded a $160 million contract extension by Coronado Coal to continue to provide mining services at the Curragh metallurgical coal mine in Queensland.
Iron ore miner Fortescue Metals Group has denied it will make an offer for Wesfarmers’ Curragh coal mine in Queensland.
Richard Goyder will take over as chairman of Woodside Petroleum next year, his second major appointment since Wesfarmers announced he would step down as managing director of the company earlier this year.