Talison Gets Australian Fed Approval for C$848M Takeover By Chinese Firm

Mining Weekly reported that Australian lithium miner, Talison Lithium, announced that it has already been granted an Australian federal approval to proceed with the takeover deal by Chengdu Tianqi Industry Group for C$848 million.

As quoted in the press release:

Talison said Tianqi’s proposed funding arrangements remained subject to certain conditions precedent to drawdown, which Tianqi had confirmed were expected to be satisfied before the deadline for Tianqi’s payment was due on March 25.

Click here to read the full Mining Weekly report.