Mineral Resources Complete Wodgina Lithium Project transaction with Global Giant Albemarle

  • Nov 01, 2019 AEDT
  • Team Kalkine

Mineral Resources Limited (ASX: MIN) completes the Wodgina Lithium Project transaction and associated arrangements to establish the MARBL Lithium Joint Venture with the global lithium chemical giant- Albemarle Corporation.

The completion of the Transaction trails a binding Wodgina Asset Sale and Share Subscription Agreement between Mineral Resources and Albemarle.

MIN previously entered a revised arrangement with Albemarle and inline:

  • MIN transferred a 60 per cent interest in the Wodgina Lithium Project to a subsidiary of Albemarle and received a cash payment of USD 820 million along with a 40 per cent interest in the Kemerton Modules.


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