WA lithium project backed with new ownership
MinterEllison has advised Albemarle Corporation on its acquisition of a 50 per cent interest in Mineral Resources Limited’s Western Australian Wodgina Lithium Project and in the formation of a new joint venture.
Firm: MinterEllison (Albemarle Corporation)
Deal: MinterEllison has acted for Albemarle Corporation in relation to its 50 per cent interest acquisition in Mineral Resources Limited’s Wodgina Lithium Project and formation of a joint venture.
Value: $1.15 billion
Key players: MinterEllison’s energy and resources partner Simon Scott led the deal, with partners Jordan Phillips, Bryn Davis, Craig Silverwood, Adrian Varrasso, and Julie Whitehead. Special counsel Nada Raphael, Mark Wheelahan, and Craig Bowie also assisted alongside senior associate Duncan Lomas and lawyer Alex Other-Gee.
Deal significance: Albemarle is acquiring a 50 per cent interest in Mineral Resources Limited’s Wodgina Lithium Project, located in Western Australia.
The joint venture between Albemarle and Mineral Resources will involve operation of Wodgina Lithium Project and the development of a lithium hydroxide plant at the mine, a statement from MinterEllison explained.
MinterEllison advised Albemarle Corporation on all aspects of the transaction.
Lead partner Simon Scott said the firm “is delighted to support Albemarle’s growth strategy with this transaction”.
“It also builds on our work with Albemarle in relation to its other Australian interests, the Greenbushes mine and the development of its Kemerton Lithium Plant.”