China’s Ganfeng completes majority stake acquisition in Argentina lithium project
Published: Friday, 28 August 2020
China’s Ganfeng Lithium has finalized the acquisition of a majority stake in Minera Exar, the company jointly owned with Argentinian miner Lithium Americas, for the development of the Cauchari-Olaroz lithium project in Argentina, Lithium Americas said on Friday August 28.
Minera Exar owns 100% of the Cauchari-Olaroz lithium project
located in Jujuy province in northwest Argentina.
Following the completion of the majority stake acquisition,
Ganfeng owns 51% of Exar Minera while Lithium Americas
holds the remaining 49%.
In February, Ganfeng Lithium agreed to pay $16 million to
raise its ownership...