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Big deal for IGO

NICKEL and gold miner IGO will take a 49% stake in Tianqi Lithium’s mothballed lithium hydroxide plant at Kwinana south of Perth and a 24.99% stake in the Greenbushes mine in Western Australia’s south as part of a $1.9 billion deal with the struggling Chinese major.

Karma Barndon
Aerial view of Greenbushes mine

Aerial view of Greenbushes mine

The deal is structured to prevent Tianqi's US partner Albemarle, which is building a lithium hydroxide plant nearby, adding to its 49% stake in Greenbushes. Under the terms of the agreement IGO will...

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