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...

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