Gilbert + Tobin has advised Talison Lithium Australia Pty Ltd (Talison) in a dispute with Global Advanced Metals Greenbushes Pty Ltd (GAM), with the two companies settling on a revised commercial arrangement for the operation of the Greenbushes mine, about 250km south of Perth.
Talison’s recovery of the metal tantalum for GAM has occurred as part of the extraction of lithium from the Greenbushes ore body for many years in an existing tantalum recovery circuit. As part of the settlement with GAM, this process will include the installation and operation of a tantalum recovery circuit in a new chemical grade lithium processing plant (CGP2) which is currently under construction.
While the terms of the settlement remain confidential, the resolution will not have any impact on Talison’s plans to expand production at the Greenbushes mine (which currently operates as the largest hard rock lithium mine in the world).
G+T advised Talison in relation to the litigation and strategic aspects of the dispute, in addition to negotiating and drafting the revised commercial arrangements for Greenbushes that formed part of the settlement with GAM.
The Greenbushes expansion will ensure sufficient quantities of spodumene are available to feed the lithium hydroxide plants being constructed in Western Australia by Talison’s shareholders – Tianqi Lithium Corporation and Albemarle Corporation, with reported investment totalling circa $1.7 billion.
Gilbert + Tobin has advised Talison Lithium Australia Pty Ltd with a team including Justin Little, Marshall McKenna, Patrick Tydde, Guy Greer, Arabella Tole, Pearl Martin, Jamie Ammendolea and Amelia Arndt.
Law Firms: Gilbert + Tobin;
Clients: Talison Lithium Australia Pty Ltd ;