Australian lithium producer Pilbara Minerals buys Altura for about $175 million

Published: Nov 12, 2020 11:10

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[Australian lithium producer Pilbara Minerals bought Altura for about US $175 million] recently, Australian lithium producer Pilbara Minerals said it bought competitor Altura Mining for about US $175 million. The company will pay $155 million in cash in advance and will pay about $20 million for a stake in Altura Lithium Operations upon successful completion of the deal.

SMM11, March 12: recently, Australian lithium producer Pilbara Minerals said it bought competitor Altura Mining for about US $175 million.

The company will pay $155 million in cash in advance and will pay about $20 million for a stake in Altura Lithium Operations upon successful completion of the deal.

Altura Lithium Operations is a wholly owned subsidiary of Altura Mining, which owns and operates the Altura lithium project in the western part of the Pilgangoora lithium-tantalum mine in Pilbara Minerals.

Lithium Altura

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