IGO gets nod for Western Areas purchase

Western Australian miner IGO Limited’s acquisition of Western Areas is all but finalised, following approvals by the latter’s shareholders, the Supreme Court of Western Australia and the Australian Securities and Investment Commission.

IGO owns and operates the Nova nickel-copper-cobalt operation in Western Australia and is invested in a lithium focused joint venture with Tianqi Lithium.

Western Areas boasts high-grade nickel assets at Forrestania and Cosmos, alongside greenfields exploration at Western Gawler.

IGO managing director and chief executive officer Peter Bradford said the companies had been working closely on the important process of integrating the two businesses.

“We are looking forward to welcoming the Western Areas team into the IGO business once the transaction has been completed on June 20,” he said.

“The acquisition of Western Areas represents a logical consolidation of key nickel assets in Western Australia and enhances IGO’s position as a leading, independent producer of metals critical for a clean energy future.

“We are looking forward to unlocking unique synergies across the combined nickel portfolio comprised of Nova, Forrestania and Cosmos, as well as the immediate commencement of the downstream nickel sulphate feasibility studies — bringing IGO closer to key customers in the clean energy and electric vehicle industries.”

Editor of industrial titles and mastheads with Prime Creative Media. Publications include Rail Express and Australian Mining (web content).
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