You are missing everything else they have paid. .. .. ..
The US$60 million used for the settlement were the proceeds of the sale of 5% of the MLBV, the remaining US$5 million was returned to Leo
https://announcements.asx.com.au/asxpdf/20240119/pdf/05zl1jlb16y842.pdf
The Equity Investment Agreement, Ganfeng sole funding US$137.2 million of Goulamina Capital Costs in exchange for 5% interest in MLBV.
Ganfeng also provided US$40 million debt draw down facility.
https://announcements.asx.com.au/asxpdf/20230914/pdf/05tvvxqkqyvxnj.pdf
US$130 million of Equity Funding to the JV
https://announcements.asx.com.au/asxpdf/20220328/pdf/457dgw173twjj8.pdf
US$10.5 million non-return deposit paid for 40% of remaining MLBV
Payments not yet actioned:
Tranche 1 payment US$161 million
Tranche 2 payment US$171.2 million
Ganfeng to sole fund all capital requirements of the project commencing immediately, via a US$150 million prepayment facility (one of the conditions precedent in the Sale Sale Agreement) The prepayment by Ganfeng for the purchase of future product shipments under Ganfeng's off take arrangement.
Total US$532.7 million excluding the tranche payments & excluding the Trailing Product Sales Fee
Excludes the Capital for the Converter built for Goulamina Lithium.
News:
~ Ganfeng invests US$500 million in battery production in Turkey
https://www.reuters.com/markets/commodities/ganfeng-lithium-invest-battery-production-turkey-2024-08-16/
~ Ganfeng plans to build a US$1.1 billion derivatives trading desk.
https://www.mining.com/web/ganfeng-lithium-plans-to-build-a-1-1-billion-trading-desk/
I missed some of these earlier in year;
~ Ganfeng seals US$343 million mine deal in West Africa
https://www.scmp.com/business/article/3261863/chinas-ganfeng-lithium-seals-us343-million-mine-deal-west-africa-gains-control-one-worlds-largest
~ Mali signs agreement with Ganfeng to operate Goulamina Lithium mine
https://www.marketscreener.com/news/latest/Mali-signs-agreement-with-China-s-Ganfeng-to-operate-Goulamina-lithium-mine-46763713/
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