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Lithium boom 2.0 drives $4b merger, supply push


Lithium boom 2.0 drives $4b merger, supply push
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This year’s lithium price boom will prove more “durable” than the last and can withstand an “acceleration” of new lithium supply, according to the two Australian listed companies that struck a $4 billion battery minerals merger on Monday.
The combination of Orocobre and Galaxy Resources will create the world’s fifth biggest lithium producer by market capitalisation and one that is more diversified by product and geography, with ambitions of securing a place in the ASX100.
Brisbane based Orocobre and Perth based Galaxy produce lithium in Argentina and Western Australia respectively and were the pioneers of the locally-listed lithium sector, which is split between those that extract the commodity from South American groundwater and those that extract it from hard Australian rock. ....

James Bay , Canada General , United States , Western Australia , New South Wales , Buenos Aires , Distrito Federal , Mt Cattlin , Canaccord Genuity , Toyoto Tsusho , Greg Spencer , Orocobre Olaroz , Simon Hay , Martin Perez De Solay , Australian Financial Review , North America , Sal De Vida , North American , ஜேம்ஸ் வளைகுடா , கனடா ஜநரல் , ஒன்றுபட்டது மாநிலங்களில் , மேற்கு ஆஸ்திரேலியா , புதியது தெற்கு வேல்ஸ் , புஏனோஸ் ஐரிஸ் , திஸ்திரிதோ கூட்டாட்சியின் , கானக்கோர்ட் உண்மையானது ,

Orocobre to Acquire Galaxy in Proposed MID | Orocobre to Acquire Galaxy in Proposed MIDFinancial Buzz


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Orocobre (TSX: ORL) and Galaxy Resources Limited have announced entry into a binding Merger Implementation Deed (MID) where the two companies will merge in a Galaxy Scheme of Arrangement (Scheme) where Orocobre will acquire 100% of the shares in Galaxy.  Shareholders of Galaxy will receive 0.569 Orocobre shares for each Galaxy share held at the record date of the Galaxy Scheme of Arrangement.  At the execution of the Scheme, Orocobre shareholders will own 54.2% of the fully diluted share capital of the combined entity and Galaxy shareholders will own the remaining 45.8%. 
The board of both companies have unanimously recommended the Scheme and plan to vote all the shares they hold in favour of the Scheme.  Martin Rowley shall become Non-Executive Chairman as Robert Hubbard would become Deputy Chairman, as Martin Perez de Solay will remain CEO and Managing Director of the group.  ....

Robert Hubbard , Martin Rowley , Galaxy Resources , Galaxy Resources Limited , Merger Implementation Deed , Galaxy Scheme , Non Executive Chairman , Deputy Chairman , Martin Perez De Solay , Managing Director , Chairman Martin Rowley , Chairman Robert Hubbard , ராபர்ட் ஹப்பார்ட் , மார்டின் ரவுலி , விண்மீன் வளங்கள் , விண்மீன் வளங்கள் வரையறுக்கப்பட்டவை , இணைப்பு செயல்படுத்தல் பத்திரம் , அல்லாத நிர்வாகி தலைவர் , துணை தலைவர் , மார்டின் பெரெஸ் டி சோலே , நிர்வகித்தல் இயக்குனர் ,

Surging lithium demand sets stage for big deals


Surging lithium demand sets stage for big deals
The $4 billion merger between Orocobre and Galaxy is about building scale ahead of a lithium supply deficit. 
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The deal, announced on Monday, will unite the two in a merger of near equals. Orocobre shareholders will control 54.2 per cent of the company, which will be run by Orocobre chief executive Martin Perez de Solay, with Galaxy chairman Martin Rowley to lead the board.
Electric car sales are underpinning lithium demand.  
David Rowe
It’s a deal that creates the fifth-largest lithium chemicals company in the world. But perhaps more importantly for the two shareholder groups, it provides increased scale and diversification that should help the merged entity ride the ups and downs of both the lithium market and of mine development. ....

Western Australia , Mount Holland , New South Wales , Buenos Aires , Distrito Federal , David Rowe , Sociedad Quimicay Minera , Martin Rowley , Galaxy Resources , Martin Perez De Solay , Sal De Vida , Sociedad Quimica , மேற்கு ஆஸ்திரேலியா , ஏற்ற ஹாலண்ட் , புதியது தெற்கு வேல்ஸ் , புஏனோஸ் ஐரிஸ் , திஸ்திரிதோ கூட்டாட்சியின் , டேவிட் ரோ , மார்டின் ரவுலி , விண்மீன் வளங்கள் , மார்டின் பெரெஸ் டி சோலே , சால் டி விடா ,