MinRes seen as no con­cern

Pilbara News - - News - Nick Evans

Pil­bara Min­er­als man­ag­ing di­rec­tor Ken Brins­den says he is not con­cerned by the emer­gence of Chris El­li­son’s Min­eral Re­sources in Pil­bara lithium, say­ing he does not be­lieve MinRes can match the best of­fers of the com­pany’s Chi­nese off­take part­ners.

A dis­pute be­tween the two com­pa­nies flared last month af­ter MinRes closed its ac­qui­si­tion of the Wodg­ina tan­ta­lum mine and pro­cess­ing fa­cil­ity from Global Ad­vanced Met­als.

MinRes has flagged its in­ten­tion to use the pro­ject as a spring­board to launch it­self in Pil­bara lithium, po­ten­tially as a pro­cess­ing hub for the ju­niors that have pegged vast ar­eas.

Pil­bara Min­er­als also ac­quired its ten­e­ments from GAM, which re­tained the right to match the terms of any sale deal for lithium con­cen­trate from the ten­e­ments.

MinRes ac­quired that right as part of its deal with GAM, and a le­gal dis­pute flared last month when Pil­bara Min­er­als ad­vised MinRes it had struck an off­take deal with China’s Gen­eral Lithium, and gave Mr El­li­son’s com­pany 45 days to match the terms or give up its right to take the prod­uct. MinRes filed le­gal ac­tion in the Supreme Court, chal­leng­ing the no­tice lodged by Pil­bara Min­er­als.

Mr Brins­den last week said Pil­bara Min­er­als had with­drawn its orig­i­nal sales no­tice, end­ing MinRes’ ini­tial le­gal chal­lenge, and would lodge an amended ver­sion. He said he was not con­cerned MinRes had re­tained its right to match the terms of the Gen­eral Lithium off-take deal.

Pic­ture: Sharon Smith

Pil­bara Min­er­als man­ag­ing di­rec­tor Ken Brins­den.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.