Brief: Pilbara Minerals Updates On Downstream JV With POSCO

Posco International

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;))