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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ioneer Ltd | ASX:INR | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.01 | -6.25% | 0.15 | 0.15 | 0.155 | 0.1625 | 0.15 | 0.16 | 4,902,439 | 07:10:19 |
From Jun 2021 to Jun 2024
By Sabela Ojea
Sibanye-Stillwater Ltd. said Thursday that it has created a joint venture with ioneer Ltd. for the U.S.-based Rhyolite Ridge Lithium-Boron project.
The South African mining company said it has also agreed to subscribe for a placement of shares in ioneer equal to 7.1% of the Australian mining development company's ordinary share capital.
The placement is valued at around $70 million at an issue price of 655 Australian cents (48 U.S. cents) a share, it said.
Sibanye-Stillwater said it will contribute $490 million for a 50% interest in the joint venture, while ioneer will retain operational management responsibility.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
September 16, 2021 02:06 ET (06:06 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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