Dallas Cowboys owner Jerry Jones' Comstock Resources on Thursday agreed to sell its assets in North Dakota's Bakken basin to Northern Oil and Gas for $154 million, as it looks to shore up capital.
By Reuters Staff
2 Min Read
(Reuters) - Australian lithium miner Orocobre Ltd said on Monday it would buy rival Galaxy Resources to form the world’s fifth-largest lithium chemicals company valued at A$4 billion ($3.09 billion).
The deal comes at a time of increasing industry consolidation in the wake of soaring prices for the raw material used in electric vehicle (EV) batteries.
“The merged entity’s growth opportunities in both brine and hard rock position it uniquely to take advantage of expected rising EV demand for lithium,” Galaxy Chairman Martin Rowley said.
Orocobre and Galaxy, which operate the Olaroz and Sal de Vida lithium projects in Argentina respectively, are also eyeing a consolidation of their assets in the country.
Here is a snapshot of what was said:
In 2007 I was part of the Wits student protest led by SRC of Mbali Hlophe& Mbuyiseni Ndlozi. We ducked rubber bullets, rolled bins on the campus& closed off entrances. Fees were not my problem, I was funded by Anglo Coal but injustice has always been my problem. #NationalShutdown Lukhona Mnguni (@LukhonaMnguni) March 15, 2021
The #NationalShutdown could have been prevented if we had competent leaders, both the SRC and at a parliamentary level. It is also no use beating around the bush, Blade Ndzimande MUST step down with IMMEDIATE EFFECT. Remove the root of the tree instead of attacking the branches! that girl. (@Tems stan) March 15, 2021