OZ Minerals turned down a $25-per-share takeover attempt from BHP this week, suggesting the bid didn't sufficiently recognise its attributes. Mitchell Services posted record revenue for the fourth quarter of the 2021–22 financial year on the back of increased drilling demand. Coronado Global Resources has affirmed the importance of coking coal in a renewable energy future, given the importance of steel. Amid a growing lithium demand landscape, concerns have been raised about the lack of concentration in the battery metal’s mining … Andromeda Metals has further solidified its Great White kaolin project in South Australia after signing another binding offtake agreement. Rio Tinto has acknowledged China’s move to centralise iron ore purchases, but said it is not concerned by the new iron ore buyer. Glencore can thank soaring coal prices for its strong half-year performance after the company recorded a $US10.3 billion increase in earnings. Arafura Resources has bolstered its Nolans rare earths project after receiving firm commitments for a $41.5 million capital raise. OZ Minerals has turned down a takeover attempt from BHP priced at $25 per share as the battle for green metals heats up. Deep Yellow and Vimy Resources have created a company with the potential to become the largest uranium producer on the ASX. After recently identifying two new nickel-copper-PGE targets, Chalice Mining will continue its South West joint venture with Venture Minerals. Agnico Eagle has committed significant exploration expenditure to the growth of its Fosterville gold mine in Victoria.
