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 achieves record revenue
Mitchell Services is capitalising on the increased drilling demand in the mining sector, posting record revenue for the fourth quarter (Q4) of the 2021–22 financial year (FY22).
Coking coal a critical mineral? Coronado thinks so
Coronado Global Resources has affirmed the importance of coking coal in a renewable energy future, suggesting steel will play a critical role in green technologies.
Concerns for ‘immature’ lithium mining sector
Amid a growing lithium demand landscape, concerns have been raised about the lack of concentration in the battery metal’s mining sector.
Andromeda inks another Great White offtake agreement
Andromeda Metals has further solidified its Great White kaolin project in South Australia after signing another binding offtake agreement.
How China’s new $4.2b iron ore firm affects Rio Tinto
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 first-half earnings double to $US18b
Glencore can thank soaring coal prices for its strong half-year performance after the company recorded a $US10.3 billion increase in earnings for the first half of 2022.
The global importance of the Nolans rare earths project
Arafura Resources has bolstered its Nolans rare earths project in Northern Territory after receiving firm commitments for a $41.5 million capital raise.
OZ Minerals rejects BHP’s $8.4b takeover offer
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 create global uranium player
Deep Yellow and Vimy Resources have completed their merger, creating a company with the potential to become the largest uranium producer on the ASX.