{"id":1089495,"date":"2018-12-14T12:57:55","date_gmt":"2018-12-14T12:57:55","guid":{"rendered":"http:\/\/www.mining.com\/?p=959171"},"modified":"2018-12-14T12:57:55","modified_gmt":"2018-12-14T12:57:55","slug":"mineral-resources-inks-1-15b-lithium-jv-deal-with-albemarle","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1089495","title":{"rendered":"Mineral Resources inks $1.15B lithium JV deal with Albemarle"},"content":{"rendered":"

Australian miner and infrastructure supplier Mineral Resources (ASX: MIN) signed Friday<\/a> a binding deal to sell a stake in its Wodgina Lithium Project and form a joint venture with US-based battery metals giant Albemarle for $1.15 billion.<\/p>\n

The agreement gives Albemarle a 50% interest in all mineral rights within the Wodgina tenements, other than iron-ore, which MRL will retain, and tantalum, which is held by Global Advanced Metals Greenbushes.<\/p>\n

Move seems to indicate that Albemarle is favouring hard-rock lithium in Western Australia over lithium brine production in South America.<\/q><\/p>\n

The joint venture will allow the American lithium producer, the world\u2019s No. 1, to expand its presence in Australia.<\/p>\n

The move seems to indicate that Albemarle is favouring hard-rock lithium in Western Australia over lithium brine production in South America. This as the company is also a\u00a0joint venture partner to China\u2019s Tianqi Lithium<\/a>\u00a0to develop the\u00a0Greenbushes mine and processing plant in Western Australia.<\/p>\n

Albemarle not only will own and operate the Wodgina mine, but it will also develop a plant producing lithium hydroxide, about 100 kilometres from Port Hedland in Western Australia’s iron ore heartland.<\/p>\n

After construction and ramp-up of the concentration plant, the joint venture is expected to produce up to 750,000 tonnes a year of 6% spodumene concentrate.<\/p>\n

The sale of the half Wodgina comes two years after MinRes bought it from Global Advanced Metals.<\/p>\n

The post Mineral Resources inks $1.15B lithium JV deal with Albemarle<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The joint venture will allow the American lithium producer, the world’s No. 1, to expand its presence in Australia.<\/p>\n

The post Mineral Resources inks $1.15B lithium JV deal with Albemarle<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[522,523,405,524,404,369,426],"tags":[15,288],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1089495"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1089495"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1089495\/revisions"}],"predecessor-version":[{"id":1090246,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1089495\/revisions\/1090246"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1089495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1089495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1089495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}