Liontown extends due diligence for $4.2bn Albemarle buyout
Gina Rineheart has been increasing her stake in Liontown Resources in attempt to block the move.
Gina Rineheart has been increasing her stake in Liontown Resources in attempt to block the move.
Researchers emphasized that many mines set to close soon don't have plans for future operations or transitioning to a post-coal economy.
Gina Rineheart has once again increased her stake in Liontown Resources.
Under the draft CRMA, strategic mine projects would have to get permits within 24 months.
Chairman Pacheco also said the company would maintain capital spending next year at $4 billion, roughly in line with 2023.
Hancock Prospecting now owns 16.7% of Liontown, which makes it the company’s largest shareholder.
For BHP to engage in a buyout, it would need to consider price, ease of jurisdiction, and opportunity to add value.
The Minerals Security Partnership (MSP) formed last year by 14 governments aims to ensure adequate supplies of minerals such as lithium and rare earths to meet zero-carbon goals.
While Chile’s trade with China surpassed $65 billion last year, most of its exports are dominated by copper and much of it is shipped in the form of concentrates
The company announced two mineral property purchase agreements near its North Nevada Lithium Project.