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AAP
AAP
Business
Derek Rose

Aussie shares gain as Rio makes play for lithium miner

US employment figures helped Australian shares notch a positive start to the trading week. (Mick Tsikas/AAP PHOTOS)

The local share market has managed a positive start to the week after a strong US jobs report over the weekend allayed fears the world's biggest economy was headed for recession.

Monday was also a busy day for the mining sector with Arcadium Lithium soaring after Rio Tinto floated a multibillion-dollar takeover, and West African Resources plummeting on fears Burkina Faso might revoke mining permits in the only nation where it operates.

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