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Proactive weekly mining round-up: Rio Tinto PLC, Bacanora Lithium PLC, Caerus Mineral Resources PLC ...


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. ....

South Africa , Czech Republic , Great Dyke , Zimbabwe General , City Of , United Kingdom , Czech Republic General , Namibia General , Songwe Hill , Charlie Wood , Anthony Eastman , Nathaniel Le Roux , Darren Hazelwood , Jean Sebastien Jacques , Metals Ltd , Karelian Diamond Resources , Salene Chrome Zimbabwe Pvt Ltd , Savannah Resources , Bacanora Lithium , Panthera Resources , Rio Tinto , Galaxy Gold Mines Pvt Ltd , Jubilee Metals , Anglo Pacific Group , European Metals Holdings Ltd , Scotgold Resources Ltd ,

East Star Resources PLC lists in London, backed by mining veterans


East Star is the latest in a long line of SPACs to hit the global markets
East Star Resources PLC (LON:EST), a special purpose acquisition company (SPAC), has listed on the main market of the London Stock Exchange.
Among the company’s directors are well-known names in the mining and natural resources sector, including Anthony Eastman and Charlie Wood.
The company’s non-executive chairman is Sandy Barblett, who has 25 years of experience in senior management and was one of the founders of Capital Metals.
The company raised just under £2mln on admission via a placing at 5p.
By mid-morning the shares were trading at 6p. ....

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