Australia is in discussions with the United Arab Emirates (UAE) to secure a trade deal aimed at unlocking billions in investments for its critical minerals sector. Trade Minister Don Farrell is optimistic about swift negotiations leading to substantial UAE investments as early as next year. This move aligns with the UAE’s US$30 billion climate-focused investment fund initiative and its broader strategy to diversify global critical minerals supply chains, traditionally dominated by China. The potential agreement could streamline investment processes and offer Australian projects priority under foreign investment guidelines.
Horizon And Greenstone Merger Announcement
Horizon Minerals Limited (ASX: HRZ) and Greenstone Resources Limited (ASX: GSR) have agreed to a merger to be conducted by way of schemes of arrangement under the Corporations Act 2001 (Cth), whereby Horizon will acquire 100% of the fully paid ordinary shares in Greenstone (Share Scheme) and 100% of the listed Greenstone options (Options Scheme, and together with the Share Scheme, the Schemes), subject to the satisfaction of various conditions.
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