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IGO says board expects Vella to start as CEO in early...
Australia's IGO expects Ivan Vella to start as CEO in early December as planned. Vella was dismissed by previous employer Rio Tinto this week.
IGO board expects Vella to start as CEO in early Dec as... Australian battery minerals producer IGO expects Ivan Vella to start as CEO in early December. Rio Tinto dismissed Vella with immediate effect on Wednesday for a breach of confidential information. IGO conducted multiple formal and informal references, background checks and due diligence on Vella.
Should You Be Adding IGO (ASX:IGO) To Your Watchlist Today? IGO's CEO is paid comparatively modestly to CEOs at similar sized companies. Insiders own AU$22m worth of shares. This considerable investment should drive long-term value in the business.
ASX treads water as energy, consumer stocks weigh The S&P/ASX 200 was down 1.2 points, or 0.01 per cent, to 7296.5 about 12pm AEST. Communications services, financials and utilities companies traded in the green. Diversified miner IGO was the biggest large-cap advancer.
Australia Shares Shapes for Opening Rise ASX futures are up by 0.3% ahead of Monday’s open. The ASX 200 is on a four-day winning streak and put on 3.7% across last week. Nickel miner IGO said it would impair two recently acquired assets by up to A$980 million.
IGO Limited's (ASX:IGO) Stock Is Going Strong: Is the Market Following Fundamentals? IGO's (ASX:IGO) stock increased significantly by 8.4% over the past month. Return on Equity or ROE is a test of how effectively a company is growing its value.
With EPS Growth And More, IGO (ASX:IGO) Makes An Interesting Case IGO's annual EPS growth for the last 3 years was 55%. Growth that fast may well be fleeting, but it should be more than enough to pique the interest of the wary stock pickers. In the last year insider at IGO were both selling and buying shares.
Mine trials sodium-sulfur battery energy storage system The sodium-sulfur battery was up and running at IGO's Nova nickel-copper-cobalt mine. The installation at Fraser Range, Western Australia, would help build market confidence in the technology and train the workforce. The batteries are designed for energy storage of six to eight hours or more.
As electric cars make more sense, they also offer enormous opportunity Australia could have built a supply chain stretching all the way from mine to finished product. Holden was already experimenting with electric cars way back in the early 2000s, collaborating with the CSIRO on a prototype hybrid-electric version of its top-selling Commodore sedan. A joint venture between Australian miner IGO and Chinese giant Tianqi has already started producing refined battery-grade lithium hydroxide.
ASX opens tentatively up as market awaits key data The S&P/ASX200 was up 36.1 points, or 0.5 per cent, to 7,167.1 at the market open. Lithium and borax producer Allkem and minerals mining company IGO were the top lifters on Wednesday morning, gaining 5.4 and 4.1 per cent. The information technology sector weighed down the index, as technology company Xero shed 4.5%.
ASX opens tentatively up as market awaits key data The S&P/ASX200 was up 36.1 points, or 0.5 per cent, to 7,167.1 at the market open. Lithium and borax producer Allkem and minerals mining company IGO were the top lifters on Wednesday morning, gaining 5.4 and 4.1 per cent. The information technology sector weighed down the index, as technology company Xero shed 4.5%.
WA lithium mine snapped up in race to feed battery giga-factories Tianqi Lithium Energy Australia, a joint venture between Tianqi and ASX-listed IGO, on Monday announced a 50 cents a share cash bid for Essential Metals. The deal is another sign of the growth in Australia’s already strong lithium industry. Lithium exports are expected to earn Australia $16 billion this financial year.
WA lithium mine snapped up in race to feed battery giga-factories Tianqi Lithium Energy Australia, a joint venture between Tianqi and ASX-listed IGO, on Monday announced a 50 cents a share cash bid for Essential Metals. The deal is another sign of the growth in Australia’s already strong lithium industry. Lithium exports are expected to earn Australia $16 billion this financial year.
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