According to The Australian Financial Review, Greenbushes, the country’s largest and most lucrative lithium mine, recorded a profit of almost $6.3 billion in the 12 months to December 31, a significant increase from one year earlier even as the broader green metals sector struggles financially.
The mine, south of Perth, is jointly owned by North Carolina-headquartered giant Albemarle, China’s Tianqi and ASX-listed IGO Limited. Its holding company paid almost all the profit in 2023 – $6.27 billion of $6.28 billion – to shareholders, new accounts filed with the corporate regulator shows. The net profit compared to $3.26 billion in 2022, and came after a major expansion of the mine. https://www.afr.com/companies/mining/the-country-s-largest-lithium-mine-unveils-bumper-6-3b-profit-20240401-p5fgj8
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