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Rio Tinto reported a rise in quarterly output across its copper and aluminum portfolios on Tuesday, sending its shares 3% higher, even as the miner cut its annual estimate for the Canadian iron ore...
U.S.-based miner Albemarle said it had dumped a A$6.6 billion buyout bid for Australian lithium developer Liontown Resources , in part because of growing complexities around the transaction. ...
MELBOURNE (Reuters) -U.S.-based miner Albemarle said it had dumped a A$6.6 billion ($4.16 billion) buyout bid for Australian lithium developer Liontown Resources, in part because of "growing complexities" around the transaction. Albemarle has withdrawn its indicative proposal, the companies confirmed in separate statements that came days after Hancock Prospecting, an iron ore miner controlled by Australia's richest person, Gina Rinehart, raised its stake to 19.9% of Liontown. That shareholding would likely have been enough to block the Albemarle bid of A$3 a share.
Australian lender Westpac said on Monday it has tapped Ampol chairman Steven Gregg to take over as chairman, replacing veteran banker John McFarlane who will complete his term on Dec. 14. ...
(Reuters) -Australian lithium producer Liontown Resources on Monday said its suitor, U.S.-based Albemarle, has dumped a A$6.6 billion ($4.16 billion) ...