https://www.miningweekly.com

Albemarle starts due diligence on Liontown

11th September 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – US critical minerals major Albemarle will start its due diligence research into ASX-listed Liontown Resources, to allow the company to submit a binding bid.

Albemarle recently confirmed a A$6.6-billion bid for Liontown, tentatively offering A$3 a share in cash for the ordinary shares outstanding in Liontown.

Albemarle earlier this year made a non-binding indicative proposal of A$2.50 a share for Liontown, which the Australian company knocked back, saying it "substantially" undervalued the company.

The revised offer is subject to a number of conditions, including due diligence, the Liontown board unanimously recommending the proposal, and the entering into of a mutually acceptable scheme implementation deed.

Liontown told shareholders on Monday that the due diligence process is expected to take four weeks to complete.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
Willard Batteries
Willard Batteries

Willard Batteries is one of the leading brands in automotive battery power products. With a rich history spanning over 70 years, Willard batteries...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (18/09/2026)
18th September 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.045 0.066s - 111pq - 2rq
Subscribe Now