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Asia
Mineral Resources Signs Investment, Shareholders Deals With South Korea's Posco Holdings for Lithium JV
Mineral Resources (ASX:MIN) signed investment and shareholders agreements with South Korea's Posco Holdings, enabling Posco to take a 30% stake in a newly incorporated joint venture (JV), LithCo, according to a Friday filing with the Australian bourse.LithCo will hold Mineral Resources' existing 50% interests in the Wodgina and Mt Marion lithium mines, both located in Western Australia, per the filing.The transaction remains subject to final long-form agreements, offtake and marketing arrangements, and regulatory approvals, including foreign investment review board and merger clearances, the filing said.Completion is now anticipated in the first half of 2027, taking into account the approval timelines and the necessary corporate restructuring to form the joint venture, the filing added.
$ASX:MIN
Asia
NGK's Net Income Climbs 9% in Fiscal Year 2025
NGK's (TYO:5333) net income attributable to owners of the parent rose 9.1% to 59.94 billion yen for the fiscal year 2025 from 54.93 billion yen a year earlier.The battery storage manufacturer's earnings per share increased to 206.02 yen from 185.66 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales climbed 8.2% to 670.1 billion yen for the full year ended March 31 from 619.5 billion yen in the prior year.The company declared a final dividend of 42 yen per share, payable from June 30.For the fiscal year 2026, the company expects attributable net income of 82 billion yen, net income per share of 290.67 yen, and net sales of 710 billion yen.NGK projects to pay higher interim and year-end dividends of 53 yen per share each for the fiscal year ending March 31, 2027.
$TYO:5333
Asia
Geopacific Resources CEO Steps Down, Appoints Managing Director
Geopacific Resources (ASX:GPR) said James Fox decided to step down as Chief Executive Officer, effective April 30, and Hamish Bohannan was appointed Managing Director, effective May 1, according to a Friday Australian bourse filing.Rowan Johnston was appointed as its non-executive chairman, effective May 1, with Chairman Graham Ascough transitioning to non-executive director.
$ASX:GPR