Australia's Mineral Resources ups stake in Azure Minerals to 13.56% (updated)

Azure Minerals

14/11/2023 09:54

(Updates with details throughout)
       Nov 14 (Reuters) - Australia's Mineral Resources
 MIN.AX  said on Tuesday that it has bought additional shares in
lithium miner Azure Minerals  AZS.AX , raising its stake to
13.56% from 12.23% previously.
    Mineral Resources is currently on a stake buying spree, with
the lithium miner recently acquiring about 19.9% in Wildcat
Resources  WC8.AX  to become a substantial shareholder.
    Previously, Hancock Prospecting, owned by Gina Rinehart,
Australia's richest person, accumulated an 18.3% stake in Azure,
which threatened to topple a A$1.63 billion buyout deal by
Chile's SQM  SQMA.SN  for the company. 
    SQM, Azure Minerals, and Mineral Resources did not
immediately respond to a Reuters request for a comment. 

 (Reporting by Archishma Iyer in Bengaluru; Editing by Sonia
Cheema)
 ((Archishma.Iyer@thomsonreuters.com;))