Re: Le lithium, une flambée en perspective?
Publié : 29 août 2021, 10:49
suite de ce post du 9 mai 2021 : http://www.oleocene.org/phpBB3/viewtopi ... 4#p2318794
Le chinois Ganfeng devrait prendre la main sur Bacanora Lithium au Mexique avec une offre plus alléchante:
La mainmise des chinois sur le Lithium mondial continue.
Le chinois Ganfeng devrait prendre la main sur Bacanora Lithium au Mexique avec une offre plus alléchante:
https://www.mining.com/bacanora-lithium ... ver-offer/Bacanora Lithium accepts Ganfeng’s $391 million takeover offer
Cecilia Jamasmie | August 27, 2021
China’s Ganfeng Lithium, one of the world’s top producers of the battery metal, is going ahead with the takeover of Bacanora Lithium (LON: BCN) as the Mexico-focused explorer and developer has accepted a sweetened £284.8 million (about $391m) cash offer.
Ganfeng increased its original bid, submitted in early May, to 73.6 pence per Bacanora share in cash and Germany-focused Zinnwald (LON: ZNWD) shares, in which Bacanora holds a 36% stake. This compares with Ganfeng’s previous offer of 67.5 pence per share in cash.
As part of the deal, Bacanora shareholders will be entitled to receive 67.5 pence in cash and a distribution of the UK-based miner’s stake in Zinnwald at a ratio of 0.23589 Zinnwald shares for each Bacanora share.
With the addition of those shares, the Chinese group’s offer represents a 63% premium to Bacanora’s closing share price on May 5.
The bid, which would add the Sonora project in Mexico to Ganfeng’s global portfolio of lithium assets, comes as soaring lithium prices have triggered a wave of deals in the sector, including the recent mega-merger of Australia’s Galaxy Resources (ASX: GXY) and Orocobre (ASX: ORE).
Ganfeng’s improved offer has overcome a number of potential obstacles to a deal, including meeting all pre-conditions outlined in the May announcement and securing Chinese authorities’ approval.
The deal still needs the support of shareholders owning more than 50% of Bacanora and the Mexican antitrust approval.
Following the original offer, a group of more than 400 investors orchestrated a campaign to block the deal, calling the offer derisory. But the revised bid has the backing of M&G Recovery Fund, which holds a 14% stake in Bacanora, Ganfeng said.
Prices for lithium in China have jumped more than 100% so far this year, according to Benchmark Mineral Intelligence, on the back of an expected demand increase from the electric vehicles (EVs) sector.
Ganfeng, which already had a 50% stake in Bacanora’s Mexican project, holds interests in mines in Australia, Argentina and Canada and around 70,000 tonnes of lithium carbonate equivalent of annual conversion capacity in China.
The Sonora mine, expected to begin production in 2023, will produce 35,000 tonnes of lithium per year once at full tilt.
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La mainmise des chinois sur le Lithium mondial continue.