Tivan finalises Sumitomo JV for fluorite project

Tivan to deliver Australia’s first fluorite operation - Australian Mining

Image: Joaquin Corbalan P/stock.adobe.comTivan has officially formed an incorporated joint venture (IJV) with Sumitomo Corporation for the Speewah fluorite project in the Kimberley region of Western Australia. The binding agreement will see a newly established Sumitomo subsidiary, Japan Fluorite Corporation, invest up to $60.3 million in exchange for an equity interest of up to 22.5 per cent in the IJV. The joint venture aims to establish Austra…

Tivan finalises Sumitomo JV for fluorite project

ASX company Tivan has struck funding agreements worth $117 million with Japan’s Sumitomo and an unnamed Australian family office to pursue development of the Speewah fluorite project.