SMM: FIRB has approved New York-listed Albemarle and ASX-listed ASX-listed Mineral Resources for trading on the Wodgina lithium project in Western Australia.
The two companies reached a $1.15 billion agreement in December under which Albemarle would acquire a 50 per cent stake in the Wodgina project and form a joint venture to develop, mine, process and produce lithium and other minerals at the Vogina project, in addition to iron ore.
However, ASX-listed Mineral Resources revealed that the deal was revised in August and that Yabao would receive a 60 per cent stake in the joint venture in exchange for $820 million in cash and a 40 per cent stake in its 25000 t / a lithium hydroxide conversion unit built in Kemerton, Western Australia.
With the approval of the FIRB, all conditions for the transaction have been met.
A grand event for thousands of people in China's non-ferrous metal industry
Shanghai colored net (SMM) annual meeting is the annual event of the metal industry, with an annual participation scale of thousands of people, domestic and foreign metal industry people gathered together to review and summarize the experience and harvest of the year, and lay the groundwork for the production, operation and operation of the coming year.
This year's "2019 China Nonferrous Metals Industry Annual meeting and 2020 (SMM) Metal Price Forecast Conference" was jointly created by SMM and China Renewable Resources Industry Technology Innovation Strategic Alliance and Shanghai Nonferrous Metals Industry Association. At the same time, the first "China Renewable Metals Industry chain Development Summit Forum" was held, and SMM metal price forecasting conference and waste battery recycling exchange were set up for you to enjoy. From the development of non-ferrous metal market to the recycling of renewable resources, from the detailed explanation of policies and systems to the research and development of industrial chain technology.
This is not only a meeting, but also an industry exchange of information, collision thinking sparks of brainstorming!
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