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MinRes pays $260m for mine in WA lithium heartland

Brad Thompson
Brad ThompsonReporter
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Chris Ellison’s Mineral Resources will pay just $260 million to complete the acquisition of one of Australia’s few operating lithium mines in Western Australia’s exploration heartland.

MinRes purchased Bald Hill via a deal with Singapore-listed Alita Resources and its administrator, McGrathNicol, that has upset some Alita shareholders.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
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    Original URL: https://www.afr.com/companies/mining/wa-lithium-mine-valued-at-0-based-on-potential-adverse-tax-ruling-20231122-p5elx0