Aug 1 (Reuters) - Mineral Resources Ltd (MIN) on Thursday said that Albemarle Corp ALB.N , the world's largest lithium producer, would now buy a 60% stake in its Wodgina Lithium Project, instead of the previously agreed 50%.
Albemarle will pay the mining services provider $1.3 billion for the stake, compared with the initially agreed $1.15 billion.
The companies will form a 60:40 joint venture to operate Wodgina as part of the deal, Mineral Resources said in a statement.
News: MIN Australia's Mineral Resources to sell larger stake in Wodgina to Albemarle
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$53.92 |
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Mkt cap ! $10.56B | |||
| Open | High | Low | Value | Volume |
| $55.69 | $55.75 | $53.92 | $70.45M | 1.292M |
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|---|---|---|
| 2 | 2257 | $53.92 |
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| Price($) | Vol. | No. |
|---|---|---|
| $54.20 | 2000 | 1 |
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