Albemarle Financial News

16.10 / 05:31

UPS Albemarle Genesis’ Dacian dramas give Albemarle a peek at an alternate universe

If Albemarle executives needed any emotional reinforcement about their decision to abandon a $6.6 billion takeover of Liontown, Monday’s ructions between two other Perth miners, Genesis Minerals and Dacian Gold, would have given them great comfort and perhaps a bit of vindication.

16.10 / 05:31

BLOCK Booking JPMorgan UBS Albemarle Liontown taps UBS for equity raising as Albemarle walks

Lithium explorer Liontown Resources is expected to tap both debt and equity capital markets to fund its flagship Kathleen Valley project, after its NYSE-listed suitor Albemarle folded its cards on Monday morning.

16.10 / 00:11

UPS UBS Albemarle exclusive reports Albemarle walks away from $6.6b Liontown bid

New York-listed Albemarle has walked away from its $6.6 billion takeover bid of West Australian lithium hopeful Liontown Resources, citing the “growing complexities” of undertaking the transaction.

13.10 / 09:13

UPS RIO Albemarle track cover Albemarle stares down barrel of Gina Rinehart shotgun wedding

Albemarle boss Kent Masters likes to joke that he runs a company full of chemical engineers and is still learning the ropes when it comes to mining.

12.10 / 02:31

UPS BLOCK RIO Albemarle exclusive Time Support Albemarle granted more time with $6.6b Liontown bid on life support

Global lithium giant Albemarle has requested more time to complete due diligence amid fading hopes its $6.6 billion takeover of Liontown Resources will succeed.

12.10 / 00:15

BLOCK Booking Albemarle exclusive Liontown extends due diligence for $4.2 billion Albemarle buyout

MELBOURNE (Reuters) -Australia's Liontown Resources (ASX:LTR) on Thursday said it would extend an exclusive due diligence period by a week for its proposed A$6.6 billion ($4.23 billion) buyout by U.S.-based Albemarle (NYSE:ALB), even as an Australian billionaire muscles in.

11.10 / 23:11

UPS Booking JPMorgan PayDay Albemarle exclusive Albemarle’s DD runs out at Liontown; eyes on Rinehart

Time’s up for NYSE-listed giant Albemarle’s exclusive due diligence at Liontown Resources, and local billionaire Gina Rinehart’s rapidly accumulated 19.9 per cent stake is casting a shadow on a big payday for investors.

11.10 / 08:43

FLEX RIO Albemarle track Liontown shares slump as Rinehart flexes muscle

The Liontown Resources share price has slumped in a sign investors see little hope for Albemarle’s $6.6 billion takeover tilt at the lithium play after Gina Rinehart boosted her stake to 19.9 per cent.

10.10 / 10:21

UPS Provident Target BLOCK Albemarle stake Rinehart boosts Liontown stake as spending spree nears $1.2 billion

Gina Rinehart has reinforced her potential blocking stake in takeover target Liontown Resources, as $6.6 billion suitor Albemarle weighs up its next move after reaching the end of a four-week due diligence period.

06.10 / 08:15

UPS Target BLOCK Albemarle Rinehart buys more Liontown as Albemarle deadline nears

Australia’s richest person, Gina Rinehart, has increased her potential blocking stake in takeover target Liontown Resources, declaring herself to be the lithium developer’s biggest shareholder on the eve of an important update about a $6.6 billion takeover offer.

06.10 / 07:49

Booking Albemarle stake Australia billionaire raises stake in Liontown Resources to 16.7%

(Reuters) — Australian billionaire Gina Rinehart's company Hancock Prospecting has increased its stake in Liontown Resources (ASX:LTR) to 16.7%, becoming the largest shareholder, Hancock Prospecting said on Friday.

05.10 / 18:09

UPS Provident BLOCK Experts Albemarle Lithium deals continue heavy metal run as stocks drop

Heavyweight proxy advisers have given the green light for a takeover of lithium explorer Essential Metals, as activity in the sector heats up with Gina Rinehart building a significant stake in Liontown Resources.

29.09 / 12:33

Albemarle country Department Albemarle settles US probe over bribery scheme for more than $218 million, US says

WASHINGTON (Reuters) — Albemarle (NYSE:ALB) Corp will pay more than $218 million, including more than $103 million to financial regulators, to settle a U.S. probe into its scheme to bribe government officials in multiple foreign countries, the Department of Justice said on Friday.

29.09 / 04:35

COST UPS Provident Albemarle reports Liontown in talks on funding shortfall as Albemarle, Rinehart circle

Liontown Resources says it has managed to keep a lid on cost blowouts associated with building its flagship Kathleen Valley lithium project but needs to lock in more than $450 million in additional finance within the next three months to keep going.

27.09 / 10:37

COST Target BLOCK Action Fighting Albemarle hearing MinRes wins fight for Bald Hill lithium mine after court hearing

A court hearing in Perth has cleared the way for Chris Ellison’s Mineral Resources to acquire the Bald Hill lithium mine from administrators as part of consolidation in the sector in Western Australia.

27.09 / 10:37

Albemarle Big line of Liontown trades at $3 a share; fingers point to Rinehart

Stockbroker Euroz Hartleys traded a line of 35.2 million shares in Liontown Resources after market close on Wednesday evening at $3 a share, with fingers pointing to Gina Rinehart as the buyer.

26.09 / 14:09

UPS Provident Target Progressive Experts Albemarle Albemarle tick for Liontown’s ‘risky’ lithium project

New York-listed Albemarle has had its teams out on-site running the rule over Liontown Resources’ flagship lithium project and raised no red flags, according to sources close to a $6.6 billion takeover deal.

26.09 / 02:35

UPS Target RIO Albemarle cover exclusive raid stake Rinehart lifts Liontown stake with $132m share raid

Gina Rinehart has increased her strategic stake in Liontown Resources and further complicated battery chemical giant Albemarle’s $6.6 billion takeover tilt at the lithium prize.

18.09 / 00:11

UPS Target RIO Stealth Albemarle cover Grab Rio Tinto’s stealth moves in WA lithium grab

Rio Tinto has quietly entered the lithium land grab unfolding in Western Australia as it looks to secure its future in battery minerals, racking up exploration tenements spanning more than 145,000 hectares in the red-hot jurisdiction that has minted billionaires and fanned takeover battles.

13.09 / 19:25

UPS Target Gap Pool awards Albemarle Liontown boss hoses down risk talk from Rinehart camp

Liontown Resources boss Tony Ottaviano says the company is about nine months away from having its flagship lithium mine built and in production despite Gina Rinehart fuelling concerns about the project.

12.09 / 13:05

UPS Lowe's Albemarle show track Rinehart’s Liontown swoop a ‘compliment’

Liontown Resources chairman Tim Goyder says Hancock Prospecting’s surprise swoop on a strategic stake in the $6.6 billion battle for his West Australian lithium hopeful demonstrates the quality of its Kathleen Valley project, despite billionaire Gina Rinehart suggesting the development still poses some risk.

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