December 14, 2024

Insignia Financial (ASX:IFL) has received an indicative, non-binding proposal from Bain Capital to acquire all its shares via a scheme of arrangement. The offer price is $4.00 per share, adjusted for any dividends paid or payable after the proposal date. Insignia is a wealth manager with roots dating back to 1846. It provides financial advice, […]

Rio Tinto (ASX:RIO) plans to invest $2.5bn at its Rincon lithium project in Argentina. The aim is to lift production capacity at Rincon to 60,000 tonnes of battery-grade lithium carbonate per year. The project will combine a 3,000-tonne starter plant with a newly constructed 57,000-tonne expansion facility. The development will support a mine life of