Ganfeng to raise Rmb 1.5bn in refinancing drive
Published: Monday, 08 February 2016
Funds will be used to expand ownership of the Mount Marion spodumene joint venture, fund a new lithium-ion battery production facility and bring online a further 9,000 tpa lithium carbonate capacity.
China’s Ganfeng Jiangxi
Ganfeng Lithium Co. Ltd has announced plans to raise Chinese
renminbi (Rmb) 1.468bn ($223m*) through a non-public share
The company will use the funds raised to finance an
expansion of its stake in Reed Industrial Minerals Pty Ltd
(RIM), which owns the Mount Marion spodumene project...