"In consideration for the acquisition of a 50% joint venture interest in the Mt Holland Lithium Project, SQM will make payments of US$110 million (A$146.67 million); comprising a cash payment of US$30 million (A$40 million) to Kidman, and a staged payment of US$80 million (A$106.67 million) to fund the initial costs of the development of the Mt Holland Lithium Project."
Basically, SQM are getting 50% of the project for putting in $146m to make it happen.
- Forums
- ASX - By Stock
- KDR
- Ann: Kidman and SQM to form Mt Holland JV
Ann: Kidman and SQM to form Mt Holland JV, page-13
-
- There are more pages in this discussion • 297 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KDR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online