Jon has been reporting on stock markets for over twenty-five years for audio text companies (remember them?!), newswires, and websites. He helped set up MarketEye News for ICV/Topic in the 1990’s before moving on to become a Markets reporter at AFX News. After over 10 years, which saw him rise to the dizzy heights of Markets Editor at AFX, the firm’s acquisition by Thomson Corp and subsequent takeover of Reuters, he moved on in 2012. Prior to Proactive Investors, he was News Editor for thisismoney.co.uk, the Mail Online’s financial website.
Glencore said it is offering US$2.675bn in cash, plus a coal price linked royalty for Rio’s Coal & Allied subsidiary, an increase on its US$2.55bn offer made earlier this month
MacKenzie, who was considered one of Australia's most successful chief executives in his 10 years running Amcor Ltd, will succeed current BHP chairman, Jac Nasser from September 1
The US investment group said: "BHP has an entrenched board, with long-tenured directors having approved the disastrous acquisitions and poorly timed share buybacks that are at the root of much of today's underperformance.”
The move comes as the group looks to offload the Peru project, which is currently in the feasibility study stage, so it can plough all of its efforts into the Miraflores project in Colombia.
The AIM-listed group said it will also use the funds to finance explorations work on the Big Sandy lithium project in Arizona, in which the company has a 25% stake
The AIM-listed firm’s executive chairman, Mick Billing said: "All targets on this 50 hole program have been tested, with the program finishing inside both time and the estimated budget of A$100,000”
The dual-listed gold miner said Redfield acquired 1,533,834 fully paid ordinary shares in the company between 23 March 2017 and 9 June 2017 at an average price of A$0.6356
“Cobalt makes up some 35% of the lithium-ion battery mix. Analysts already report a significant supply deficit for cobalt before an anticipated 500% increase in demand.”