# Wesfarmers' acquisition of Kidman Resources approved by shareholders

Wesfarmers' $776 million bid to acquire Kidman Resources was approved by over 94% of Kidman shareholders. The acquisition includes plans to develop the Mt Holland lithium project in Western Australia, with an additional $700 million investment expected before first production in 2022.

- Type: Acquisition
- Announced: 2019-09-05
- Where: Western Australia, Australia
- Value: $530.0M (776.0M AUD)
- Status: announced
- Products: lithium, lithium hydroxide
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Wesfarmers](https://endata.com/companies/1208.md) (acquirer)
- [Kidman Resources](https://endata.com/companies/41915.md) (target)
- [Sociedad Quimica y Minera de Chile](https://endata.com/companies/41916.md) (partner)

## Sources

- [australianmining.com.au](https://www.australianmining.com.au/kidman-shareholders-give-green-light-for-wesfarmers-takeover/), 2019-09-05: "This approval by Kidman shareholders is one of the most important milestones in our proposed acquisition of Kidman and subsequent participation in the development of the Mt Holland lithium project."
- [australianmining.com.au](https://www.australianmining.com.au/wesfarmers-takes-control-of-kidman-resources/), 2019-09-24: "It leverages and builds on the existing strengths and chemical processing capabilities within our chemicals, energy and fertilisers business, while supporting Western Australia’s ambition to become a global hub for downstream lithium processing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.