Mineral Resources’ Wodgina Deal With Albemarle Now Binding, Though Regulatory Approvals Remain
We make no change to our AUD 20 per share fair value estimate for no-moat Mineral Resources. The company has now entered into a binding agreement with Albemarle Corp in relation to the sale of a 50% interest in the Wodgina lithium project, previously limited to an exclusivity agreement. The purchase price remains USD 1.15 billion in cash but remains subject to regulatory, Foreign Investment Review Board, and Chinese anti-trust approvals. The parties will jointly manage Wodgina, with Mineral Reso...Mineral Resources is a provider of mining infrastructure services. These services consist of: site services, including remote mine-site accommodation services, remote power services, and aerodrome management or personnel transport; mining services, including mine scheduling and grade control, mining operations and mine site haulage, dewatering and equipment hire; plant or processing services, including crushing and mineral processing, mobile processing services, and pipeline and water solutions; transport services, including road and rail logistics, ownership of locomotives and wagons, and road transport solutions; port services, including port logistics; and commodity sales and marketing.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.