Australia's Highfield Resources tumbles after China Minmetals' unit cancels investment

Highfield Resources

18/08/2025 01:59

** Shares of Highfield Resources HFR.AX fall 46.9% to A$0.130, set for their worst session, if losses hold

** Earlier in the session, the mineral explorer hit its lowest level since June 11

** Co says a unit of state-owned China Minmetals, Qinghai Salt Lake Industry 000792.SZ, dropped plans to invest $300 million to take control of Highfield

** More than 930,000 shares change hands in their busiest day since June 17

** Stock down ~55% this year, including the day's move

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))