Tianqi Lithium’s A$1.9 Billion Joint Venture With IGO Limited


Clayton Utz has acted for Tianqi Lithium Corporation on the deal.

Tianqi Lithium Corporation (Tianqi) entered into agreements to create a global lithium joint venture with ASX-listed nickel and gold miner IGO Limited – one of the largest energy and resources deals in Australia year to date, valued at A$1.9 billion.

Announced to the market on 9 December, upon completion occurring IGO Limited will acquire a 49% non-controlling interest in Tianqi Lithium Energy Australia Pty Ltd (Lithium Holdco) – indirectly acquiring stakes in the Greenbushes Lithium Mining and Processing Operation (24.99%) and Tianqi’s Kwinana Lithium Hydroxide Plant (49%), both located in Western Australia.

Lithium Holdco will be the exclusive vehicle for the joint venture’s future lithium related investments outside of China.

Clayton Utz Corporate partners Brett Cohen (Picture) and Liz Humphry led the firm’s deal team, assisted by special counsel Scott Girdler, senior associate Armin Fazely and lawyer Sam Pullin.

Involved fees earner: Brett Cohen – Clayton Utz; Armin Fazely – Clayton Utz; Scott Girdler – Clayton Utz; Liz Humphry – Clayton Utz;

Law Firms: Clayton Utz;

Clients: Tianqi Lithium Corporation;

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Author: Michael Patrini