Wesfarmers's 50% interest in Mt Holland Lithium Mine is expected to become an important producer of Battery Grade Lithium hydroxide

Published: Sep 25, 2019 10:32

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Wesfarmers recently announced the completion of its acquisition of Kidman Resources for $776 million. The acquisition gives Wesfarmers a 50 per cent stake in the Mt Holland lithium joint venture in Western Australia, with SQM holding the rest. The Mt Holland lithium project, which covers a mine, concentrator and refiner, is expected to become an important producer of battery-grade lithium hydroxide.

SMM, Sept. 25 / PRNewswire-Asianet /-Wesfarmers recently announced the completion of its acquisition of Kidman Resources for $776 million.

The acquisition gives Wesfarmers a 50 per cent stake in Kidman Resources's lithium joint venture in Mt Holland, Western Australia, with the remainder owned by SQM.

The Mt Holland lithium project, which covers a mine, concentrator and refiner, is expected to become an important producer of battery-grade lithium hydroxide.

Rob Scott, chairman of the company, said the acquisition would help the company work with global lithium leader SQM to develop Mt Holland, a large, upscale lithium hydroxide project that gives Western Australia an important position downstream of lithium processing.

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