Pilbara set to seal Chinese funding

Original article by Paul Garvey
The Australian – Page: 15 : 3-Jan-19

Australian-listed Pilbara Minerals is believed to have secured funding for the $231m second stage of its Pilgangoora lithium mine in Western Australia. Posco, Great Wall Motor Company, Ganfeng and Pilbara’s bondholders are said to have agreed to finance the expansion project, which will increase annual processing capacity from two million tonnes to five million. Pilbara Minerals’ shares were placed in a trading halt in late December. The stock last traded at $0.62.

CORPORATES
PILBARA MINERALS LIMITED – ASX PLS, POSCO, GREAT WALL MOTOR COMPANY LIMITED, GANFENG LITHIUM COMPANY LIMITED

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