SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill is expected to vote against the re-election of the Canadian miner’s board members this week.
Talison Lithium, a partnership between China’s Tianqi and U.S. group Albemarle, obtained an environmental approval for the A$516-million ($361m) expansion of the Greenbushes mine in Western Australia.
The exploration and development company became the second Australian miner since April to back off from plans to buy the Glencore's CSA, in New South Wales.
Once completed, the mine will have an annual capacity of 43 million tonnes, underpinning output of the Pilbara Blend, Rio Tinto’s flagship iron ore product.
Coal is Australia’s second-largest income generator after iron ore, and many lawmakers welcome efforts to boost an industry that brings in A$60 billion ($42 billion) a year.