LITHIUM MINES AND MINING – WESTERN AUSTRALIA

Galaxy secures front-row seats to the next lithium IPO

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Original article by Peter Ker
The Australian Financial Review – Page: 17 : 28-May-19

Galaxy Resources recently announced that it would acquire $22.5 million worth of shares in lithium exporter Alliance Mineral Assets. The transaction will make Galaxy the biggest shareholder in Alliance, with a stake in excess of 10 per cent. Galaxy will also be a shareholder in Cowan Lithium when it eventually lists on the Australian sharemarket; it acquired an interest in Cowan as a result of buying shares in Alliance’s predecessor company, Tawana Resources.

CORPORATES
GALAXY RESOURCES LIMITED – ASX GXY, ALLIANCE MINERAL ASSETS LIMITED – ASX A40, COWAN LITHIUM LIMITED – ASX COW, TAWANA RESOURCES NL, KIDMAN RESOURCES LIMITED – ASX KDR, WESFARMERS LIMITED – ASX WES

Kidman bid not a replacement for Lynas, says Wesfarmers chief

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Original article by Patrick Hatch, Darren Gray
The Sydney Morning Herald – Page: Online : 3-May-19

Shares in Kidman Resources rose 45 per cent to close at $1.87 on 2 May after conglomerate Wesfarmers made a $776 million takeover bid for the lithium miner. Kidman’s main asset is a 50 per cent stake in a Western Australian lithium project, and joint venture partner SQM supports Wesfarmers’ bid. Wesfarmers CEO Rob Scott says that despite the Kidman bid, its takeover bid for rare earths producer Lynas Corporation remains on the table.

CORPORATES
KIDMAN RESOURCES LIMITED – ASX KDR, WESFARMERS LIMITED – ASX WES, SOCIEDAD QUIMICA Y MINERA SA, LYNAS CORPORATION LIMITED – ASX LYC, WESTERN AREAS LIMITED – ASX WSA

Pilbara set to seal Chinese funding

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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

Lithium processing in WA grows to five plants

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Original article by Brad Thompson
The Australian Financial Review – Page: 24 : 7-Jun-18

Neometals proposes to build a lithium hydroxide plant near Kalgoorlie, with an annual processing capacity of 10,000 tonnes. Should the project proceed, it will increase the potential lithium processing capacity in Western Australia to around 200,000 tonnes a year, given that four other plants have either been proposed or are under construction in the state. Neometals plans to source spodumene for the plant from the Mount Marion lithium mine. A final investment decision is expected in mid-2019.

CORPORATES
NEOMETALS LIMITED – ASX NMT, KIDMAN RESOURCES LIMITED – ASX KDR, SOCIEDAD QUIMICA Y MINERA SA, MINERAL RESOURCES LIMITED – ASX MIN, TIANQI LITHIUM CORPORATION, ALBERMARLE CORPORATION, MORGAN STANLEY AND COMPANY INCORPORATED, GLOBAL ADVANCED METALS PTY LTD, RESOURCE CAPITAL FUNDS, SUPREME COURT OF WESTERN AUSTRALIA, CITY OF KALGOORLIE-BOULDER

Kidman powers up with Tesla lithium deal

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Original article by Paul Garvey
The Australian – Page: 19 & 30 : 18-May-18

Kidman Resources has advised that it has secured electric car maker Tesla as a foundation client for its proposed lithium hydroxide processing plant in Western Australia. Growing interest in electric cars has created strong demand for commodities like lithium and cobalt that are used in their batteries. Kidman has indicated that its initial deal with Tesla will run for three years, with the option for two three-year extensions.

CORPORATES
KIDMAN RESOURCES LIMITED – ASX KDR, TESLA INCORPORATED, SOCIEDAD QUIMICA Y MINERA SA, PILBARA MINERALS LIMITED – ASX PLS, GREAT WALL AUTOMOBILE HOLDINGS, BMW AG, VOLKSWAGEN AG, MERCEDES-BENZ AG

Lithium prices to peak as local exports soar

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Original article by Peter Ker
The Australian Financial Review – Page: 16 : 16-Jan-18

Roskill MD Robert Baylis has warned of a looming oversupply of lithium as Australian producers ramp up output. Baylis notes that production of spodumene in particular is now much higher than global demand. Western Australia’s spodumene export volumes have risen by 84 per cent in recent years, with Tawana Resources, Altura Mining and Pilbara Minerals all set to open new mines in WA during the next six months. Baylis says it will take up to five years for global demand to catch up to supply.

CORPORATES
ROSKILL INFORMATION SERVICES, TAWANA RESOURCES NL – ASX TAW, ALTURA MINING LIMITED – ASX AJM, PILBARA MINERALS LIMITED – ASX PLS, MINERAL RESOURCES LIMITED – ASX MIN, GALAXY RESOURCES LIMITED – ASX GXY, NEOMETALS LIMITED – ASX NMT, GANFENG LITHIUM COMPANY LIMITED, UBS HOLDINGS PTY LTD, CRU, GLENCORE PLC

Electric cars drive Fortescue’s lithium push

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Original article by Matt Chambers
The Australian – Page: 17 & 25 : 1-Nov-17

Growing global demand for lithium has prompted pure-play iron ore miner Fortescue Metals Group to diversify by revealing plans to explore tenements near existing lithium deposits in Western Australia. Shares in Australian-listed lithium miners have rallied in recent months, amid rising demand for electric cars and plans by some car makers to phase out traditional petrol-only vehicles. Meanwhile, Richard Coppleson of Bell Potter says lithium could follow the same price trajectory as iron ore in the mid-2000s.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, BELL POTTER SECURITIES LIMITED, PILBARA MINERALS LIMITED – ASX PLS, GALAXY RESOURCES LIMITED – ASX GXY, KIDMAN RESOURCES LIMITED – ASX KDR, MINERAL RESOURCES LIMITED – ASX MIN, UBS HOLDINGS PTY LTD, VOLKSWAGEN AG, AUDI AG, DR ING HCF PORSCHE AG, GENERAL MOTORS CORPORATION, FORD MOTOR COMPANY

Chile’s SQM invests in Kidman lithium project

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Original article by Tess Ingram
The Australian Financial Review – Page: 19 : 13-Jul-17

Kidman Resources has sold a 50 per cent stake in its Earl Grey lithium deposit to Chile-based SQM for $A110m. The deal comprises a cash payment of $A30m, with the balance to be provided in the form of development funding. Rather than merely exporting lithium ore, Kidman and SQM intend to build a processing plant in Australia to convert the ore to lithium hydroxide. John Deniz of Paragon Funds Management says integrated projects are likely to be more resilient if demand for lithium eases.

CORPORATES
KIDMAN RESOURCES LIMITED – ASX KDR, SOCIEDAD QUIMICA Y MINERA SA, PARAGON FUNDS MANAGEMENT, MARINDI METALS LIMITED – ASX MZN, SUPREME COURT OF WESTERN AUSTRALIA, NEOMETALS LIMITED – ASX NMT, MINERAL RESOURCES LIMITED – ASX MIN, TIANQI LITHIUM CORPORATION

Kidman wins lithium fight against Marindi Metals

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Original article by Tess Ingram
The Australian Financial Review – Page: 16 : 10-Jul-17

The Supreme Court of Western Australia has ruled in favour of Kidman Resources in a legal dispute over the Earl Grey lithium project. Marindi Metals had claimed that it had a binding deal to acquire the project’s lithium rights, which Kidman had disputed. The court found that there was no draft heads of agreement between Kidman and Marindi. Kidman MD Martin Donohue has welcomed the judgment, saying the company can now focus on developing Earl Grey and its other projects.

CORPORATES
KIDMAN RESOURCES LIMITED – ASX KDR, MARINDI METALS LIMITED – ASX MZN, SUPREME COURT OF WESTERN AUSTRALIA

Legal row over WA lithium discovery

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Original article by Paul Garvey
The Australian – Page: 22 : 15-Nov-16

Australian-listed Kidman Resources has rejected claims by Marindi Metals that it has a binding agreement to acquire the Earl Grey lithium deposit. Marindi engaged in email discussions with Kidman in April 2016 regarding the acquisition of the latter’s lithium rights at its tenements in Western Australia, and it alleges that these discussions constitute a binding contract. Kidman subsequently commenced a drilling program which resulted in the Earl Grey discovery.

CORPORATES
KIDMAN RESOURCES LIMITED – ASX KDR, MARINDI METALS LIMITED – ASX MZN, ROX RESOURCES LIMITED – ASX RXL, TECK CORPORATION