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07 Nov
11:31

MinRes increases stake in Azure to 12.29%

Mining billionaire Chris Ellison’s Mineral Resources (MinRes) has increased its shares in Australian junior miner Azure Minerals to 12.29%, as per a regulatory filing last week seen by Kallanish.  The move comes on the heels of Australian billionaire Gina Rinehart’s Hancock Prospecting increasing its Azure stake to 18.3%. Late last month, Azure accepted an AUD 1.63 billion ($1.03 billion) takeover offer from Chilean mining giant SQM, which is curr…
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