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IGO makes concession aimed at finalising Tianqi deal

IN ORDER to expedite the Tianqi lithium transaction IGO has agreed to continue proceeding without a tax ruling being received in respect of the latter's internal restructure.

Michael Quinn
The planned duo's Kwinana hydroxide plant

The planned duo's Kwinana hydroxide plant

As such, "if there were an unforeseen tax outcome resulting from the internal restructure, IGO would share the tax liability with Tianqi in proportion to IGO's joint venture interest (being 49%)". IGO...

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