(Bloomberg) -- Codelco, the world’s biggest copper producer, won approval to buy Lithium Power International Ltd. after shareholders of the Australian junior voted in favor of a takeover that diversifies the Chilean miner’s portfolio of key energy transition metals.Shareholders on Tuesday agreed almost unaninmously to greenlight the acquisition of the Sydney-based company in a deal that values it at A$385 million ($253 million). The purchase is Codelco’s first in lithium as the state-owned firm targets Lithium Power’s project in the Maricunga salt flat of northern Chile.
