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 . . .


Login to continue reading!

This article is restricted to Benchmark Membership subscribers.

Login

Not subscribed yet?

To subscribe or to find out more about Benchmark Membership click here or fill in the form below and a member of our team will be in touch with you as soon as possible.