The Chris Ellison-led Mineral Resources will cash-in on nickel’s collapse by using idle infrastructure to process lithium.
Mining billionaire Chris Ellison will seek to profit from the collapse of the Australian nickel industry by retro-fitting infrastructure in Western Australia to process lithium.
“We intend to bring our expertise in spodumene production to Lake Johnston, which has the potential to service projects throughout the world’s most prospective region for lithium.” The company raised eyebrows with a billion-dollar spending spree on WA lithium assets last year that included backing Global Lithium and Bill Beament’s Develop Global, both of which have lithium projects in the southern Goldfields.amid negotiations with the Australian Taxation Office that appear likely to add to the $260 million it agreed to fork out last November.
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