Brief: Pilbara Minerals Updates On Downstream JV With POSCO
11/04/2022 02:36
April 11 (Reuters) - Pilbara Minerals Ltd PLS.AX :
* UPDATE ON DOWNSTREAM JOINT VENTURE WITH POSCO-PLS
* COMMISSIONING OF CONVERSION FACILITY ON DOWNSTREAM JV WITH
POSCO
EXPECTED FROM LATE 2023
* INITIAL 18% EQUITY PARTICIPATION IN JV WILL BE LARGELY
FUNDED
FROM A$79.6 MILLION 5-YEAR CONVERTIBLE BOND PROVIDED BY POSCO
* CAPITAL DEVELOPMENT COSTS FOR CONVERSION FACILITY ARE
ESTIMATED
AT USD$670-720M
Source text for Eikon: ID:nASXLprVC
Further company coverage: PLS.AX
((Reuters.Briefs@thomsonreuters.com;))
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