https://newsletter.mw.creamermedia.com
Iron Ore|Resources
Iron Ore|Resources
iron-ore|resources

MinRes raises stake in lithium miner Azure Minerals

3rd November 2023

By: Reuters

  

Font size: - +

Australia's Mineral Resources on Wednesday bought additional shares in lithium miner Azure Minerals to raise its stake to 12.29%, a regulatory filing showed on Friday.

This comes a week after Hancock Prospecting, an iron-ore miner owned by Gina Rinehart, Australia's richest person, built up an 18.3% stake in Azure.

Hancock has previously threatened to torpedoa buyout deal worth A$1.63-billion ($1.05-billion) by Chile's SQM for Azure.

SQM, Azure and MinRes did not immediately respond to a Reuters request for comment.

Minres is constantly scaling up its stake in lithium miners, with the company previously buying shares worth A$158.7-million in Wildcat Resources, bumping up its holding to 19.85%.

Emerging Australian lithium companies are seeing a surge in buyouts as their lower valuations and cash needs attract some of the world's top producers of the battery material and other suitors who are racing to secure supplies.

In October, Albemarle, the world's top lithium chemicals maker, ditched its $4.2-billion bid for Liontown Resources amid "growing complexities", after Hancock popped up on Liontown's register with a 19.9% stake.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

 
 

Showroom

AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 
Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 December 2025
Magazine round up | 12 December 2025
12th December 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.163 0.242s - 145pq - 2rq
Subscribe Now