The Rinehart camp has spent weeks casting doubt on Liontown’s ability to complete Kathleen Valley and to operate the mine in line with production forecasts without its assistance. Hancock declined to comment on Monday but indicated as recently as last week that it was willing to partner with Albemarle in owning and operating Kathleen Valley, and in onshore lithium processing. With analysts predicting a steep fall in Liontown stock when it resumes trading, she faces a paper loss of hundreds of million of dollars after acquiring most of the stake at $3, as Albemarle carried out due diligence.Īlbemarle appears to have decided over the weekend that it could not work with Mrs Rinehart in the kind of partnership arrangement envisioned by Australia’s richest person and her private company. Mrs Rinehart’s Hancock Prospecting went on a $1.3 billion spending spree buying up Liontown shares over the past six months, acquiring a 19.9 per cent stake as of last week. It needs debt and or equity funding to complete its Kathleen Valley project in WA’s northern Goldfields. Liontown hired UBS as its board pushes ahead to a possible capital raising, The Australian Financial Review’s Street Talk column reported on Monday. ![]() ![]() Gina Rinehart has built a stake in Liontown. New York-listed Albemarle did not mention Australia’s richest woman by name in citing the “growing complexities” which meant pushing ahead with a bid pitched at $3 a share in early September was “not in Albemarle’s best interests”. Train Valley World leaves the station for Windows PC via Steam and Epic Games Store in 2024.Albemarle has pointed the finger at Gina Rinehart after walking away from its $6.6 billion takeover bid of West Australian lithium hopeful Liontown Resources, which is in a trading halt as it tries to lock in at least $450 million in funding needed to complete its flagship Kathleen Valley project. Team up with up to four friends per map to either build railways together or face off in a strategic battle of tycoon wits to see who can set a track record. Thousands of player-made levels were already created in the previous games, and this new toolset will elevate the UGC experience to allow for unlimited replayability and community interaction.īlending puzzle, railway sim, and strategic tycoon mechanics, Train Valley World expands the original Train Valley campaign experience and jumps the track with a new multiplayer mode, available for the first time in the franchise. The beloved level editor, a franchise staple, evolves in Train Valley World to feature more ways to create and share community-made maps via Steam Workshop – including new scripting tools, evolving cities, and dynamic water. Ensure the business runs smoothly by creating the most efficient transportation system with limited resources and additional optional challenges. With brand-new, deep tycoon mechanics like railroad automation and train schedules, train sim fans will solve intricate logistics puzzles across 25 beautiful levels. Create and operate railroad transportation networks by laying tracks, dispatching trains, and delivering goods worldwide with various locomotive types. Travel around the globe across dozens of levels inspired by various real-world locations like London, Las Vegas, Cairo, Athens, and Frankfurt. Lose track of time and head back to the heart of the Industrial Revolution in the early 1900s. To celebrate the reveal, Epic Games Store calls all aboard the gravy train as it hosts a week-long free giveaway of Train Valley 2 starting today through Thursday, July 20, 2023. Train Valley World, the new entry in the popular railway sim franchise that sold more than 1 million units across all platforms developed by Flazm and published by tinyBuild, chugs along to Windows PC via Steam and Epic Games Store in 2024.
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