Dec 1 (Reuters) - Australia's Pilbara Minerals Ltd PLS.AX said on Tuesday it has entered into an agreement with the administrators of smaller peer Altura Mining Ltd AJM.AX to buy its lithium operations for $175 million.
Pilbara said it will also contribute A$6 million ($4.41 million) to a fund to support Altura employees who have been made redundant following the lithium project being placed into care and maintenance. ($1 = 1.3596 Australian dollars)