STOCKHOLM: Loomis AB has entered into an agreement with Grupo Coinag and other minority shareholders to acquire Transportadora del Interior S.A., a regional cash management company in Argentina, a statement said. The acquisition will strengthen Loomis’ geographical footprint in the country by adding three new branches in two densely populated regions. The enterprise value amounts to ARS 27.5 billion…
MELBOURNE: Australian miner Pursuit Minerals Ltd said on Tuesday it has agreed to acquire the Sascha Marcelina gold-silver project in Argentina’s prolific Deseado Massif region and has secured commitments to raise A$4.04 million ($2.7 million) to fund the deal and exploration. The company will buy 100% of Andara Mining Pty Ltd, which holds exclusive rights…
SYDNEY: Lake Resources N.L. (ASX:LKE; OTC:LLKKF) has announced the sale of three non-core lithium brine assets in Argentina to Austroid Corporation for $9 million USD (approximately $13.6 million AUD). The assets, located in Jujuy Province, include Paso de Jama, Olaroz, and Cauchari. The transaction will provide Lake Resources with additional liquidity to support its flagship…
LONDON: HSBC Latin America B.V., a wholly owned subsidiary of HSBC Holdings plc, has entered into a binding agreement to sell its business in Argentina to Grupo Financiero Galicia, the largest private financial group in Argentina. Noel Quinn, Group Chief Executive, said: “We are pleased to agree the sale of HSBC Argentina. This transaction is…
SYDNEY, AUSTRALIA: Rio Tinto has agreed to acquire Rincon Mining Pty Limited, which owns the Salar del Rincón Project in Argentina; and Lithium Extraction Technologies (Australia) Pty which holds certain intellectual property which may be applied in conjunction with lithium projects. Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project…