18
Oct
14:03
Codelco to acquire Australian miner Lithium Power
Australian lithium junior Lithium Power International (LPI) has entered into a binding scheme implementation deed (SID) with Chilean copper producer Codelco under which the latter will acquire 100% of LPI shares.
As per the terms of the offer, the Chilean state-owned mining company will acquire LPI’s shares for AUD 0.57 ($0.36) per share, valuing the company at around AUD 385 million ($244m). This represents a premium of 119% over the closing share price of …
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Anonymous
Very good overview of the weekly steel market.
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