06
Sep
11:11
LITHIUM: Mineral Resources sells last shares in Pilbara Minerals
Australia-listed Mineral Resources said Monday it has sold its 5.4% remaining shares in Pilbara Minerals raising AUD 328 million ($243.7m) gross pre-tax, Kallanish reports.
The exit was done via a fully underwritten block trade offered to institutional investors, and reflects Mineral Resources’ intentions to apply capital into its own developments. The cash proceeds will be used in the company’s capex programme for the ongoing financial year.
Mineral…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous