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Fortescue Approves Development of Queens Valley

Fortescue has announced the development of the Queens Valley mining area at its Solomon Hub in the Pilbara region of Western Australia. Development of Queens will maintain production of the low-alumina Kings Fines product and is...

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Lynas Rejects Wesfarmers $1.5B Takeover Bid

Lynas Corp., the largest rare earth metals producer outside of China, said no thank you to an unsolicited bid of A$1.5 billion from Wesfarmers. The board said it had evaluated the A$2.25/share proposal and thought it undervalued...

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