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23 Jan
12:12

Lithium Power shareholders approve Codelco acquisition bid

Shareholders of Australian junior miner Lithium Power International (LPI) on Tuesday voted in favour of a takeover by Chilean copper giant Codelco, Kallanish learns. The all-cash, AUD 385 million ($253m) deal is Codelco’s first lithium acquisition. The state-owned company looks to take control of Lithium Power’s project in northern Chile’s Maricunga salt flat. The move is in line with Chile’s strategy to have increased control and participa…
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