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SQM and Hancock wrap up Azure transaction

10th May 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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Australian battery metals explorer Azure Mining has been successfully acquired by joint bidders SQM and Hancock Prospecting in a A$1.7-billion deal.  

The Chilean miner teamed up with Australia’s richest person, Gina Rinehart, in December to buy the lithium developer.

The deal strengthened SQM's foothold in Australia with a stake in the Andover project, in Western Australia. While it is still early days for the project, the discovery has ignited a flurry of activity on ground close to Andover.

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Edited by Creamer Media Reporter

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