Ganfeng Lithium to buy 50% stake in Mali lithium mine for $130 million
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
The project has a reserve of...