LTR 1.45% $1.40 liontown resources limited

Gina Rinehart + Coal India JV?

  1. 1,020 Posts.
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    I've just randomly stumbled upon a new article today which seems very interesting

    https://hotcopper.com.au/data/attachments/5974/5974750-2b052d00dceeb8b9412ee35eec9a0801.jpg
    Source: https://www.mining.com/web/coal-india-to-bid-for-3-mines-in-critical-minerals-auctions-this-month/

    "In preliminary talks about operating them" is what caught my attention.


    I then came across another article from 6 days ago after some further digging:
    https://hotcopper.com.au/data/attachments/5974/5974751-70daeae630d9f4c03cd1fa8f6bb6a158.jpg
    Source: https://au.finance.yahoo.com/news/coal-india-add-mines-expand-074801977.html?guccounter=1


    Coal India is a 2.75T MC company, and i remember last year Gina signed an MoU something to do with supplying India with lithium

    Here's the AFR article about Gina supplying lithium to India in 2023: https://www.copyright link/companies/mining/rinehart-inks-deal-to-supply-india-with-lithium-20230615-p5dgr1

    "The deal was struck amid speculation India would join forces with Hancock, and potentially others in lithium ventures in WA"

    Could we potentially see Gina form a JV with Coal India as owner operator of LTR?
 
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