Business
IGO (ASX:IGO) enters lithium market, shares on trading halt
Mining company IGO Ltd (ASX: IGO) announced this morning that it has entered into a binding agreement with Chinese company Tianqi Lithium Corporation, to acquire a 49% stake in Tianqi’s Australian lithium mining business for $1.9 billion.
Before market open this morning, IGO asked the ASX to temporarily halt trading of its shares, pending the release of an announcement about the accelerated entitlement offer related to the acquisition today.
The trading halt will last until Friday 11 November 2020, unless revised otherwise.
The IGO share price closed yesterday at $5.095.
First foray into the lithium market for IGO
Today’s acquisition will effectively provide IGO with a 24.99% indirect interest in Greenbushes Lithium Mining and…
-
Noosa News23 hours agoJessica Alba spotted filming spy thriller on the Gold Coast as cameras roll under iconic bridge
-
Noosa News19 hours agoNoosa Council targeted in fraud
-
Noosa News20 hours agoDavid’s neighbour died alone. He now knows what comes next
-
Noosa News21 hours agoFarmer gives chase after gun pulled in Scenic Rim quad bike theft