28
Feb
11:18
Core Lithium, Lucas end Finniss mining services contract
Core Lithium and Lucas Total Contract Solutions have terminated their Finniss mining services agreement, following the suspension of mining operations due to market conditions.
The move will cost the Australia-listed lithium miner AUD 10 million ($6.5m). The termination payment to Lucas is part of a settlement deed, covering demobilisation costs, a settlement of claims, consumables and contractual charges incurred during the suspension. The deed releases each part…
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