M&A

MinRes cuts loose Hexagon

LESS than a year after Chris Ellison and Mike Rosenstreich shook hands on the McIntosh flake graphite joint venture, and a week after Hexagon Resources flagged the development would likely be delayed, Mineral Resources has decided to write down its investment and walk away after two years.

 Graphite is oversupplied.

Graphite is oversupplied.

Rosenstreich told MNN he was disappointed, but said MinRes' decision was not a commentary on the project, but a reflection of the state of the graphite concentrate market.   "[They] have a very long...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.