Germany’s Chancellor plans lithium deal with Serbia after Rio ruling
Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry.
Firestone Energy Limited (ASX/JSE:FSE) rejected today an offer from Tata Power to invest in a joint venture with Sekoko Resources to develop a coal mine in the Waterberg area of South Africa, saying the offer under-valued the assets.
After the announcement, shares in Firestone went up on both the ASX and JSE. The company traded 11% up in Australia and 9% higher in South Africa.
On March 31, the Firestone and Sekoko Resources JV signed a memorandum of understanding with South Africa’s power utility Eskom for a 30-year, ten-million-ton-a-year thermal coal supply agreement.
