Proactive weekly mining round-up: Rio Tinto, Bacanora Lithium, Caerus Mineral Resources.
A run-through of some of the week s mining stories
Jacques left the FTSE 100 mining giant after it blasted the 46,000-year-old Juukan Gorge heritage areas in Australia to access iron ore. On Thursday’s AGM, over 60% of shareholders voted against two resolutions on the firm’s remuneration report, but as it only an advisory measure the company decided to ignore the vote and carry on.
Bacanora Lithium PLC’s (LON:BCN) partner and major shareholder Ganfeng has made an offer to buy out the mining group. The Chinese giant says it will offer 67.5p per share, a 45% premium to the close yesterday and valuing AIM-listed Bacanora at £259mln, including shares to be issued through a recent placing. Ganfeng already has a 29% stake in Bacanora and also a 50% stake in Sonora, the junior miner’s lithium deposit in Mexico.
Investegate |Panther Metals PLC Announcements | Panther Metals PLC: Northern Territory Geophysical Surveys
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A glance at some of the day s highlights from the Proactive Investors newswire
Bacanora Lithium PLC’s (LON:BCN) partner and major shareholder Ganfeng has made an offer to buy out the mining group.
Alien Metals Ltd (LON:UFO) said initial results were encouraging from the maiden drilling programme on its Hancock iron ore project, part of the Hamersley iron ore project in Western Australia.
Anglo Pacific Group PLC (LON:APF, TSX:APY), a natural resources royalty and streaming company, said all of the producing assets in its portfolio are now back in operation, following the resumption of activities at the McClean Lake Mill after a period of COVID-19 related care and maintenance.
Panther Metals completes airborne geophysical survey of Australian assets
Once the data has been organised, it will represent “a cornerstone to our exploration strategy,” said the explorer
Panther Metals PLC (LON:PALM) chief executive Darren Hazelwood said the completion of airborne geophysical programmes on its 100%-owned Annaburroo and Marrakai gold projects in the Northern Territory “marks an important point in the development” of the company’s Australian portfolio.
The company, which is also exploring in Canada, carried out 1,715km of high-resolution airborne surveys over the two project areas.
Contractor Thomson Airborne collected magnetic, radiometric and elevation data on a 50m line spacing and at a nominal flight altitude of 35m above ground.
Thu, 6th May 2021 19:25
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Superdry PLC - Cheltenham, Gloucestershire-based clothing retailer - Can see light at the end of the tunnel as lockdown restrictions ease. Says financial 2021 revenue fell 21% to GBP556.6 million from GBP704.4 million in financial 2020. In the fourth quarter, revenue increased 0.8% to GBP118.3 million from GBP117.4 million a year ago. The early signs following the reopening of our UK stores are encouraging, as lockdown restrictions start to lift, and we can clearly see the light at the end of the tunnel. In short, we are on track with our reset of the brand, and there s a lot to look forward to, says Chief Executive Officer Julian Dunkerton.
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