Australia is joining the United States to tackle China’s dominance in key green commodities. But the government faces tough choices to help local industry.
Western Australia’s mining billionaires are scrambling for the state’s new gold rush:lithium.
The lithium aspirant’s shareholders have endured a chastening session on the market after its share price crashed 32 per cent on the back of a heavily discounted $1.1 billion fundraising.
US chemical giant Albemarle has pulled the pin on its proposed takeover of Liontown Resources in the face of a series of raids by Australia’s richest person,Gina Rinehart.
Mining magnate Gina Rinehart has boosted her holdings in the Western Australian miner to just below the 20 per cent takeover threshold.
The billionaire has now dethroned the lithium miner’s chair as its largest shareholder,becoming a critical player in Albemarle’s looming $6.6 billion takeover.
The billionaire mining magnate is exhibiting a mean poker face as she tries to deal herself into Albermarle’s $6.6 billion takeover of Liontown.
An increasing number of ASX-listed mining companies are falling victim to African sovereign risk.
The billionaire mining magnate has dropped another $132 million to bolster her stake,wrangling more power ahead of Albemarle’s planned $6.6 billion takeover.
Australia’s richest woman is eyeing a seat on the board of Liontown Resources after investing half a billion dollars in the lithium miner.
West Australian lithium minnow Liontown Resources is potentially on the cusp of sealing a $6.6 billion takeover by one of the world’s largest lithium producers.