At­las drawn into MinRes lithium push

Pilbara News - - News - Nick Evans

At­las Iron has been dragged into the le­gal dis­putes sur­round­ing Min­eral Re­sources’ push to es­tab­lish a foothold in the emerg­ing Pil­bara lithium sec­tor.

Global Ad­vanced Met­als is sell­ing the Wodg­ina tan­ta­lum and lithium project to MinRes for an undis­closed sum.

At­las has been min­ing iron ore on the same Wodg­ina ten­e­ments since 2010, af­ter ac­quir­ing the iron ore rights on the ground in a com­pany-mak­ing deal in 2008.

GAM took At­las Iron to the Supreme Court last week in a bid to hurry up the close of the MinRes deal.

Lawyers for GAM told the Supreme Court At­las’ con­sent to the re­as­sign­ment of its agree­ments over in­fra­struc­ture and iron ore was needed for the sale to close.

They asked the court for help in set­ting a firm timetable for the iron ore miner to sign off on the agree­ment.

Lawyers for At­las told the court they saw no need for a courtim­posed timetable on the mat­ter, given the com­pany had in­tended to con­sent to the deal and be­lieved the re­main­ing mat­ters could be thrashed out through ne­go­ti­a­tion.

Jus­tice Paul Tot­tle de­clined to is­sue spe­cific or­ders, but asked the par­ties to con­sider for­mal me­di­a­tion to solve their dif­fer­ences.

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