Australia’s IGO looks to take stake in Tianqi’s Greenbushes & Kwinana lithium operations in $1.4 billion deal

Australia’s IGO Ltd is set to take a stake in Tianqi Lithium’s operations, securing a 25% stake in the Greenbushes lithium mine and 49% share in the downstream lithium hydroxide Kwinana project in a US$1.4 billion deal.

This comes following extended negotiations between Tianqi and China’s state-owned Citibank regarding a $1.8 billion loan repayment due in late November. IGO’s investment would provide Tianqi with a financial reprieve at the expense of its majority share in Greenbushes and full ownership of Kwinana (now 51%).

The new Greenbushes ownership structure would see IGO holding . . .

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