REUTERS: Ganfeng Lithium Co, one of the world's biggest lithium producers, said on Monday it would pay US$130 million for a stake in the Goulamina hard-rock mine in Mali and take at least half of its first-phase output.
The filing said Mali's government had the right to take 10per cent of the equity free of charge and pay in cash for up to 10per cent more. A feasibility study was completed last year but it was not immediately clear when production would start.The project has 108.5 million tonnes of resources and high-grade spodumene concentrate, Firefinch said in a presentation last month. Spodumene is a lithium-rich mineral that can be converted into battery-grade lihium products.
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