The Court of Appeal says it will hold the Chinese company’s debt to Perth’s MSP Engineering on trust while it decides whether to overturn a judgment against Tianqi.
The world’s biggest supplier of the battery mineral was hurt by weak lithium prices and a plunge in sales to co-owner and beleaguered Chinese group Tianqi.
Federal Government data shows export revenue from Australia’s resources and energy sector is set to hit an all-time high of $296b this financial year.
Global Lithium is expected to formally launch its initial public offering after lodging its prospectus this week based on its Marble Bar lithium project.
The lithium company says MSP Engineering shouldn’t ‘cry poor’ after paying directors and other shareholders $23m in dividends as Kwinana plant was running late and over budget.
Australia’s new chief scientist Dr Cathy Foley has left the door open to the possibility of nuclear energy being used in Australia.
The company’s Kwinana-based chemicals division is looking to tap local skilled labour as it ramps up for a construction start on its $1.9 billion Mt Holland lithium project.
WA miners welcome significant expansion in battery making capacity in Europe and China.
Company leaders don’t believe complacency will be an immediate problem for McGowan Government.
The precursor to the WA Liberals’ disastrous green energy plan ‘went down like a sack of potatoes’ when presented to party members, who pleaded with David Honey to dump the idea four months ago.
Tianqi says it doesn’t make a habit of not paying invoices, arguing its refusal to pay $39m owed to MSP Engineering is part of a broader dispute over its troubled Kwinana plant.
The Chinese lithium group has appealed a court order that it pay $39m to local engineering firm MSP and revealed for the first time the scale of its counter claim against the company.
MSP Engineering says the regulator should look at the Chinese company’s conduct in refusing to pay a $40m debt that has cost hundreds of jobs.
Lithium miner says its James Bay hard rock lithium project in Quebec is set to be a long life, low cost operation.
Opinion is divided on whether the State is better placed to handle another long run of bumper commodity prices.
The engineering contractor has joined other WA companies warning about shortages as the economic recovery out of COVID-19 heats up.
The two companies have green the green light to a new mine and refinery with the aim of bringing the Mt Holland lithium project into production in late-2024.
Emerging lithium developer secures services of BHP executive Tony Ottaviano as its new managing director.
Commodities have seen four supercycles over the past 100 years — with the last one peaking in 2008 after 12 years of expansion.
Gerson Freitas Jr
There’s a rush on raisings, incentives for buying EVs and a price spike for the key battery ingredient.
The US chemicals giant has revived its growth ambitions with a $US1.3 billion capital raising, part of which will fund lithium operations in WA.
Lithium miner says it will keep the adjacent mine on care and maintenance while it evaluates the operation and formulates a strategy to integrate it into its Pilgangoora project.
The Toll Group co-founder has won a Supreme Court injunction blocking the sale to a US group until the court hears his complaints that other potential buyers didn’t get a chance to bid.
About 16,000 tonnes of single use batteries are used annually in Australia, but recycling has not been commercially attractive.
© West Australian Newspapers Limited 2020