Mineral Resources (MALRY) has expanded its lithium operations by acquiring the Bald Hill lithium mine, enhancing its position in the global lithium market.
Located near Kambalda in Western Australia’s Goldfields, Bald Hill boasts a significant production capacity, with an annual output of approximately 150,000 tonnes of 5.5% spodumene concentrate.
With this acquisition, Mineral Resources now uniquely operates three hard-rock lithium mines, including the Mt Marion and Wodgina mines, each featuring spodumene processing facilities.
The integration of around 270 Bald Hill employees and contractors into Mineral Resources marks a seamless transition, reinforcing the company’s growth in the lithium sector.
Chris Ellison, Managing Director of Mineral Resources, expressed enthusiasm about the acquisition: “Incorporating Bald Hill into our lithium portfolio is a strategic move, and we’re excited to welcome the new team members aboard.”
Bald Hill’s proximity to the Mt Marion mine underscores its strategic value, situating Mineral Resources at the forefront of the lithium-rich Goldfields region.
Company Website: https://www.mineralresources.com.au
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