(AFR Feature – Nov 22, 2018)
Mineral Resources and New York Stock Exchange-listed battery metals giant Albemarle have agreed to a form a 50-50 joint venture to own the Wodgina hard rock mine. They plan to build and and operate an integrated lithium hydroxide plant at the mine, which is about 100 kilometres from Port Hedland in WA’s iron ore heartland.
The joint venture brings together Albemarle’s lithium production and marketing expertise and MinRes’ strength in mining services, with the WA-based company retaining ownership of the crushing plant.
The sale of the 50 per cent stake comes two years after MinRes bought Wodgina from Global Advanced Metals.
As published by Brad Thompson on November 22, 2018 in The Australian Financial Review.