IGO, Tianqi to close JV deal by end of June
Published: Wednesday, 23 June 2021
Australia-listed IGO Ltd is one step closer to forming a joint venture with Chinese lithium producer Tianqi Lithium after key regulatory requirements for the internal restructuring of the Australasian arm of the latter to proceed have been satisfied, IGO said on Tuesday June 22.
In December 2020, both companies signed an initial
investment agreement which saw Tianqi’s
wholly-owned subsidiary Tianqi Lithium Energy Australia Pty Ltd
(TLEA) bring in IGO as a strategic investor.
Meanwhile, the Australian Taxation Office has confirmed the
tax migration of TLEA to Australia, according to IGO.