Rio Tinto to join top three lithium miners with Arcadium acquisition
Rio's takeover of Arcadium would place it among the top three producers of the battery metal, behind only Albemarle and SQM.
Cabo Drilling announced year end revenue down by almost half in its fiscal year end.
The company said it closed its Montreal division and it’s reducing general and administration expenses.
“We believe we are at the bottom, but we do not believe there will be any dramatic turnaround in the industry in the near future,” commented Mr. Versfelt, President and CEO of Cabo Drilling.