Marnie Finlayson is Rio’s battery minerals boss – her brother Raleigh runs Genesis. They are children of WA’s Goldfields.
The familial ties go further: Genesis also has gold projects, including Ulysses, on land once part of their paternal grandfather’s Melita sheep station.
The 46th president, Joe Biden, has fired up lithium interest in the wider Goldfields region through his Inflation Reduction Act. Marnie presented a battery minerals strategy she developed to the Rio board at the end of 2021. She has lived in Serbia, where she was in charge of Rio’s Jadar lithium project and also ran Rio’s borates operations in California.Why a passion for battery minerals for someone who grew up in the Goldfields, and agreed to join the board of another gold miner, Northern Star, last year?
Greenbushes is now considered the world’s best hard rock lithium mine and is owned by New York-listed battery chemical giant Albemarle, China’s Tianqi and its partner, IGO Limited. “They had a much lower cost of production and, basically, we were not competitive,” he recalled. “It was essentially a better ore body in the form of a brine deposit, which meant the lithium was recovered in an evaporative process. A hard-rock ore body can never compete with that.”
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