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Genesis’ Dacian dramas give Albemarle a peek at an alternate universe

Peter Ker
Peter KerResources reporter

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If Albemarle executives needed any emotional reinforcement about their decision to abandon a $6.6 billion takeover of Liontown, Monday’s ructions between two other Perth miners, Genesis Minerals and Dacian Gold, would have given them great comfort and perhaps a bit of vindication.

Genesis on Monday rolled out a $56.6 million bid to clean up the remaining 19 per cent of Dacian, after its hand was forced by a few stubborn types who refused to sell into last year’s scrip-based takeover.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/dacian-dramas-give-albemarle-a-look-into-an-alternate-universe-20231016-p5ecnz