Meidu Energy intends to build lithium-cobalt subsidiary in Australia
2018-05-25 08:18:58 [Print]
Meidu Energy announced on 22 May that it intends to establish a wholly-owned subsidiary with an investment of AUD10 million in cash in Australia, which is expected to engage in investment, exploration, and development of lithium and cobalt ore, selling of various ore and concentrate, and technology service of mineral exploration and mining
. The company noted that Australia is rich in lithium and cobalt ore, and the wholly-owned subsidiary in Australia is in line with the needs of the company's strategic planning and business development.