DIRS.INFO The most relevant business & tech news

☆ Ancient carved drawings found next to dinosaur footprints in Brazil
▼ + stars: | 2024-04-11 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

CNN —Prehistoric humans in Brazil carved drawings in the rock next to dinosaur footprints, suggesting that they may have found them meaningful or interesting, a new study has found. A dashed line indicates petroglyphs made by indigenous people, while a continuous line shows theropod dinosaur footprints. “I think rock art creation was embedded in some sort of ritual context: people gathering and creating something, perhaps utilizing some psychotropics. I think they were interested in what the footprints represent, and I suppose they identified them as footprints. “This was the case in various parts of the world where rock art was practiced, and it is very clearly visible, among others, in the North American Southwest/U.S.

Persons: ”, Leonardo Troiano, We’ll, ” Troiano, Australia —, Troiano, Radosław, ” Palonka, Leonardo Troiano Jan Simek, Simek, Adrienne Mayor, ’ Simek Organizations: CNN, Institute of National Historic, Heritage, Jagiellonian University, Southwest, University of Tennessee, Stanford University Locations: Brazil, Paraíba, Brasilia, Australia, Serrote, United States, Poland, Kraków, U.S, Knoxville

☆ Glencore, automakers to back $1 bln nickel, copper SPAC deal in Brazil
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +3 min

[1/2] The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, September 30, 2015. Glencore will invest $100 million in ACG equity. Stellantis and mining investment fund La Mancha Resource Capital will each provide an equity investment of the same amount, while PowerCo will make a $100 million nickel prepayment. During the process, ACG will become ACG Electric Metals and issue new shares, making Glencore, Stellantis and La Mancha owners of 51% and leaving 49% for free float, Artem Volynets, ACG chief executive, told Reuters. The deal "will establish ACG Electric Metals as a premier supplier of critical metals into the western EV value chain," Volynets said.

Persons: Arnd, ACG, Mick Davis, PowerCo, Artem Volynets, Appian, Sibanye, Volynets, En, Rusal, Polina Devitt, Clara Denina, Kirsten Donovan, Jason Neely Organizations: REUTERS, Chrysler, Company, Santa, Appian, Chartered, Citigroup, Blue Resources, Metals Acquisition Corp, Glencore, La, La Mancha Resource, Metals, Reuters, South Africa's, Hong, Thomson Locations: Baar, Switzerland, Brazil, London, New York, Western Europe, North America, La Mancha, Stillwater, Santa Rita, Hong Kong

☆ Stellantis SPAC deal has suitably decent airbags
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 12 (Reuters Breakingviews) - Carmakers are in a race to lock in battery metals like lithium. For shareholders, the risk is that they tie up capital in expensive supply deals, or mines in far-flung locations with poor governance. Stellantis’s (STLAM.MI) investment in a London-based special purpose acquisition company deal looks like a neat fix to those challenges. In a complex deal, halfway between an IPO and a SPAC takeover, it will buy the Serrote and Santa Rita mines in east Brazil for $1.1 billion. Besides the original SPAC investors, the bulk of that will likely come from a public offering, and new anchor investors like Stellantis.

Persons: Nat Rothschild’s Vallar, Artem Volynets, Neil Unmack, Xavier Niel, George Hay, Oliver Taslic Organizations: Reuters, Twitter, Brookfield, Thomson Locations: London, Santa, Brazil, Teck, China

Search resuls for: "Serrote"

3 mentions found