Fortescue is weighing acquisitions after a frustrating seven-year search for lithium, and growing more confident about its new iron ore mine in Gabon.
Fortescue metals division chief executive Fiona Hick is tasked with diversifying into battery minerals.Fortescue founder and chairman Dr Forrest has said that ideally, the mining division will supply lithium and other battery minerals to the company’s clean energy focused Fortescue Future Industries.
“We’re being pretty disciplined in not just looking at or making acquisitions for the sake of it. We really need to make sure that they stack up financially.” Fortescue has exploration tenements in South America and a team looking at critical minerals opportunities in Brazil, Chile and Argentina, but is preparing to rationalise.“We’re doing some work at the moment to really sharpen the pencil on what’s essential under that critical minerals strategy, and what might be non or less core to the business,” Hick said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A new start after 60: I embraced being single and became an international pet-sitterBernadine Swale thought she couldn’t cope after her divorce. Now, she loves her life cycling around Florida with terriers and fine-dining with schnauzers in New Zealand
Read more »
‘Enormous competition’: Boxing Day, New Year’s Tests up for grabsAustralian cricket’s most iconic events - the Boxing Day Test and New Year’s Test - are up for grabs, with Cricket Australia refusing to lock in Melbourne and Sydney as host venues beyond this season.
Read more »
Apple's potentially life-saving new iPhone feature now available in AustraliaGroundbreaking technology has just been launched in Australia that could save your life. iPhone 14 users can now connect to emergency services when they're out of mobile phone and WiFi range - using satellites. eddy_meyer 9News MORE:
Read more »
‘I saw many bodies’: having escaped one conflict, Tigray refugees face new terrorsLiving in UN camps in a rapidly collapsing Sudan, refugees from Ethiopia are being kidnapped, taken across the Sahara, and tortured for ransom – in a brutal, multimillion-dollar industry
Read more »
Rhinos return to Zimbabwe and a new kind of safari starts to take shapeNear the Hwange national park, a reintroduction project protects animals, attracts tourists and ensures locals aren’t neglected
Read more »