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Australia's Mineral Resources to sell larger stake in Wodgina to Albemarle

Published 01/08/2019, 10:23 am
Updated 01/08/2019, 10:30 am
© Reuters.  Australia's Mineral Resources to sell larger stake in Wodgina to Albemarle
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Aug 1 (Reuters) - Mineral Resources Ltd MIN.AX on Thursday said that Albemarle Corp ALB.N , the world's largest lithium producer, would now buy a 60% stake in its Wodgina Lithium Project, instead of the previously agreed 50%.

Albemarle will pay the mining services provider $1.3 billion for the stake, compared with the initially agreed $1.15 billion. companies will form a 60:40 joint venture to operate Wodgina as part of the deal, Mineral Resources said in a statement.

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