Ganfeng Lithium to buy 50% stake in Mali lithium mine for $130 million

By IM Staff
Published: Tuesday, 15 June 2021

China lithium producer Ganfeng Lithium is acquiring a 50% stake in a special purpose company that owns the Goulamina hard-rock mine in Mali for $130 million, the company said on Tuesday June 15.

Australia-listed Firefinch, Goulamina’s current license holder, will hold the remaining 50% stake of the company that Firefinch plans to set up.

Mali’s government can take 10% of the equity, free of charge, and pay in cash for up to 10% more, the company said.

The project has a reserve of...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.