Australia’s Altura Mining said on Thursday its former biggest investor and one-time suitor, China’s Shaanxi J&R Optimum Energy, has sold its entire remaining 11.8% stake in the lithium miner.
At Altura’s latest closing price, the stake would have been worth A$24.1-million ($16.60-million). It wasn’t immediately clear who bought the shares from the indebted Shenzhen-based battery maker: As a block, the shares would be equal to the miner’s second biggest shareholding.