16 February 2024
16 February 2024
It remains to be seen if capitalism – or a version of it – can adequately facilitate the shift towards a global green economy.
The measure could help abate damage to the local environment.
The transaction involved the sale of 65,518,600 shares by Finsider at $0.32 (Rs265.14) per share.
The initiative is set to bolster domestic supply chains and reduce the country's dependence on foreign sources.
The offtake deal is supported by a $25m investment from Panasonic, which will aid the advancement of Nouveau Monde Graphite's (NMG) Phase-2 operations.
The deal will see Savannah receive A$2.38m ($1.55m) in cash and 11.1 million Clara shares, representing a 19.5% interest in Clara.
First Quantum has been looking to sell assets since the closure of its Panama mine.
The announcement comes as India looks to boost coal-fired power capacity amid continued high demand.
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