Mineral Resources

Albemarle amended its agreement with Mineral Resources to acquire 60% ownership of the Wodgina lithium mine in Western Australia and form a 60-40 joint venture to operate the mine and lithium hydroxide production facilities. Albemarle will pay US$820 million in cash and transfer a 40% interest in two lithium hydroxide conversion units in Kemerton.

Albemarle signed an agreement to acquire a 50% interest in Mineral Resources' Wodgina hard rock lithium project in Western Australia for $1.15 billion, forming a joint venture to produce spodumene concentrate and battery grade lithium hydroxide.

Albemarle signed an exclusivity agreement with Mineral Resources Limited to form a 50/50 joint venture to own and operate the Wodgina hard rock lithium mine and develop an integrated lithium hydroxide operation in Western Australia. Albemarle would pay US$1.15 billion for its 50% interest.

Ausdrill signed a letter of intent for a $180 million three-year contract with Process Minerals International to provide drill and blast services at the Wodgina lithium mine in Western Australia.

Resource Development Group has been awarded a concrete and civil works contract worth more than $9 million at Mineral Resources' Wodgina lithium project in the Pilbara.