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Australia lithium miner Altura says former top investor Shaanxi J&R sells entire stake

By: Reuters     Updated 5 hours ago Australia's Altura Mining said on Thursday its former biggest investor and one-time suitor, China's Shaanxi J&R Optimum Energy, has sold its entire remaining 11.8% stake in the lithium miner. At Altura's latest closing price, the stake would have been worth A$24.1-million ($16.60-million). It... 

Motus’ South African vehicle sales decrease

By: Tasneem Bulbulia     19th June 2019 Motus’ total vehicle market performance in South Africa declined by 2.4% in the 11 months to May 31, with 496 512 units sold, compared with the 508 785 units sold in the 11 months to May 31, 2018, with the country’s and global economic and political environments having been unsettled during the... 

Australian rare earth miners push development deals to counter China grip

By: Reuters     17th June 2019 Rare earth developers in Australia say they are edging closer to signing deals with new customers that would drive forward their projects amid mounting global supply concerns over the minerals that are crucial to high-tech industries. Australia contains only 2.8% of the world's rare earth... 

Australian rare earth miners push development deals to counter China grip

By: Reuters     14th June 2019 Rare earth developers in Australia say they are edging closer to signing deals with new customers that would drive forward their projects amid mounting global supply concerns over the minerals that are crucial to high-tech industries. Australia contains only 2.8% of the world's rare earth... 

Lithium mining superpowers seek riches as battery makers

By: Bloomberg     4th June 2019 The race by Tesla, Samsung SDI and other technology giants to secure supplies of lithium — a key ingredient in batteries for electric vehicles and smartphones — is creating a unique chance for two global mining superpowers to reap more value from their natural resources. Australia and Chile are... 

Australia, Malaysia to meet over rare earths on June 20

By: Reuters     4th June 2019 Australian and Malaysian government officials are due to meet later this month, a state mining spokeswoman confirmed and the plan for Lynas Corp's controversial rare earths waste storage in the country is likely to be at the top of the agenda. Bill Johnston, Western Australia's Minister for... 

Australia's Clean Teq to offload half of battery metals project

By: Reuters     4th June 2019 Australian mine developer Clean Teq said on Tuesday it was looking to sell a stake in its nickel, cobalt and scandium project in central New South Wales, as it seeks a cornerstone partner to help fund development. The company has tasked Macquarie Capital to run a process to find a partner to buy... 

Wesfarmers' soft bid for Kidman spotlights lithium's financing issues

By: Reuters     3rd May 2019 Wesfarmers's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages. Wesfarmers offered a 47% premium for Kidman, which is developing the Mount... 

Cape Town in good position even if winter rains are poor – deputy mayor

By: News24Wire      16th April 2019 Dam levels are 10% higher than the City of Cape Town's projections for the end of summer so the city is in a good position even if the coming winter rains turn out to be below average, says deputy mayor Ian Neilson. "And the water consumption by Cape Town is well under the target we set of... 

BHP is said to weigh bid for Blackstone-backed Bluewater

By: Bloomberg     28th March 2019 BHP Group is among the potential bidders for Blackstone Group and LLOG Exploration Co.’s oil-exploration joint venture Bluewater, according to people with knowledge of the matter. The Bluewater business, which is also attracting interest from closely held Fieldwood Energy, is focused on... 

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