Kidman managing director Martin Donohue (right) with SQM chief executive Patricio de Solminihac Tampier.

Chilean giant buys into WA lithium mine

The world's largest lithium producer will make a $A150 million investment in Kidman Resources' Mt Holland project near Southern Cross, and plans to build a new refinery in the region.

Kidman announced this morning that Chile-based lithium producer Sociedad Quimica y Mineara de Chile (SQM) would spend $US30 million in cash and $US80 million in staged payments to acquire a 50 per cent stake in Mt Holland, with the funds to be used for initial development costs including completion of feasibility studies and construction work on a processing facility.

SQM is also planning to build a separate refinery in the region, which would be used to process product from both Mt Holland and other nearby operations.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/17

1 year TSR5 year TSR
381stFraser Range Metals Group0%-30%
434thGenesis Minerals-8%-21%
552ndGeopacific Resources-29%-26%
562ndEmergent Resources-30%-19%
582ndMarindi Metals-33%-32%
717 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$35k Bought
$101k Bought
$0 Other
Total value as at the date of the transaction
Source: Morningstar


299th↑Marindi Metals$38k
413th↑Emergent Resources$0
414th↓Fraser Range Metals Group$0
417th↑Genesis Minerals$0
418th↓Geopacific Resources$0
490 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Marindi Metals

1606thJohn Hutton$29k
Ranked by total remuneration from all listed WA companies

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