Hints and tips:
...Gina Rinehart has lifted her stake in Liontown Resources, as Australia’s richest person seeks to muscle in on a proposed takeover of a lithium mine developer by Albemarle, the world’s largest producer of...
...Liontown shares halted trading on the Australian stock exchange on Monday as the company looks to complete a fundraising to develop the mine....
...Riding Chinese demand for the steelmaking ingredient, Rinehart led a turnaround, transforming Hancock from a company spinning royalties on iron ore tenements to one that owns and operates its own mines....
...Albemarle, the world’s largest lithium producer, walked away from a $4.2bn deal this month to buy Australian lithium mine developer Liontown Resources after Rinehart built her shareholding to 19.9 per cent...
...Before that it had negotiated with Aboriginal groups to obtain rights to mine the area....
...Under that agreement, Hancock agreed to pay $250m for a 5 per cent royalty on the first 13m tonnes of polyhalite shipped from its Woodsmith mine, and 1 per cent thereafter....
...The UK company seeking to build a $2.9bn fertiliser mine in Yorkshire has struck a financing deal with Australia’s richest woman....
...This week she invested $300m in an UK fertiliser mine....
...Sirius has previously said it hoped to start building its mine this year....
...This week she invested US$300m in a UK fertiliser mine....
...The Carmichael mine in Queensland’s Galilee Basin has become the focus of a global campaign by environmentalists who say digging new mines and burning coal will cause irreversible climate change....
...Food for thought — and it made me wonder how hard it must be for those in larger, more established boardrooms than mine....
...Mr Palmer first came to global attention in 2006 when he signed a deal with Chinese state company Citic to develop an iron ore mine in Western Australia....
...“Cash costs are always higher at the beginning of a project and we will have to wait and see how sustainable the [Roy Hill] mine is when things settle down over time,” said Mr Hynes....
...Hancock had a vision of developing his own iron ore mine, a riskier but potentially more lucrative business than relying on royalty payments from miners....
...On top of that, Australian billionaire Gina Rinehart’s Hancock Prospecting company is also due to commission a new 55m tonne-a-year mine in Western Australia....
...Deutsche Bank said this week that Fortescue may have to sell a stake in its mines or even raise equity if the iron ore price falls below US$50 a tonne for a sustained period....
...Hancock Prospecting expects its new 55m tonne per annum Roy Hill mine in Australia to start loading ore next year....
...Schussler also said ongoing labour unrest in the country could have stopped mines importing capital equipment as they are under pressure....
...Caterpillar has said the US mining equipment industry faces over $500m in potential lost sales if US miners succeed in opposing $650m in government-backed financing for an Australian iron ore mine....
...cautious about granting approval for large mining investments overseas after several Chinese mining companies ran into trouble with iron ore investments in Australia, most prominently with the Sino Iron mine...
...Owning a giant iron ore mine at a time of growing Asian demand helps, but I think the ruthless vigour with which she has prosecuted this and other family feuds (she was at acrimonious odds with her father...
...“New Hope’s coal seams are thin and difficult to mine. They are skilled at doing so but others might find it difficult,” said one analyst....
...However, BHP Billiton’s planned A$30bn expansion of the Olympic Dam mine, which produces copper, gold and uranium, is set to transform Australia’s fifth biggest city....
...The jewel among Ms Rinehart’s mining assets is Roy Hill, a prospective 55m tonne a year iron ore mine also in the Pilbara....
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