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Leo Lithium has signed an agreement with China’s Ganfeng Lithium to sell its remaining 40% stake in a mine in Mali for $342.7 million, the Australian miner said on Wednesday.
Leo Lithium decided to sell the stake after it tried to reach a “viable agreement” with the Mali government, it said, adding that the risks associated with operating in Mali and the impact of new mining code meant selling the stake was in the best interests of its shareholders.
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