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Australia’s Azure Minerals said on Wednesday the country’s Foreign Investment Review Board extended a deadline for approving SQM and Hancock Prospecting’s A$1.7 billion offer for the lithium developer.“This is a standard extension request and Azure is not currently aware of any reason that the required FIRB approval will not be received,” the company said in a statement.
China’s Tianqi Lithium Corp holds about 20% of SQM shares, and the deal would give SQM, the world’s No.2 lithium producer, a foothold in Australia with a stake in Azure’s Andover project.The Council on Ethics has told Rio that it is assessing the company for environmental damage from its operations in the Brazilian Amazon.The two allies have been trying to conclude an agreement for many months now but have repeatedly failed to do so.
Ranger, a key producer of uranium oxide for 40 years, closed in 2021 with an initial goal of having the site rehabilitated by 2026.
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