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Huayou acquires Arcadia Lithium Project
MinterEllison has advised Huayou on its acquisition of the Arcadia Lithium Project, based in Zimbabwe.
Emma Musgrave
Firm: MinterEllison (Huayou)
Value: $612 million
Area: M&A
Key players: The MinterEllison team was led by partner Marcus Best with support from partners Bart Oude-Vrielink and Bryn Davis and lawyer Julia Sperac.
Deal significance: The Arcadia Project is located near Harare in Zimbabwe and is considered one of the world’s largest hard rock lithium resources – a key component in rechargeable batteries, according to a statement from MinterEllison.
Meanwhile, Huayou is a subsidiary of new energy lithium-ion battery material producer Zhejiang Huayou Cobalt Co Limited (Huayou Cobalt). The group specialises in research, development, and manufacturing new energy lithium-ion battery materials and new cobalt materials.
“We were pleased to support Huayou on this important multijurisdictional transaction,” MinterEllison lead partner on the transaction Marcus Best said.
“The successful outcome is a reflection of the growing value of the lithium industry globally, particularly given the increasing production of electronic vehicles.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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