Talison Lithium Update on Regulatory Approvals
November 23 2012 - 8:18AM
Marketwired
As announced on November 21, 2012, Talison Lithium Limited
("Talison" or the "Company") (TSX:TLH) is continuing discussions
with Chengdu Tianqi Industry (Group) Co., Ltd ("Tianqi") and its
advisers.
Today Australian time Tianqi received notification from the
Australian Foreign Investment Board (FIRB) that it has no
objections to the proposed acquisition of Talison by Tianqi's
wholly-owned subsidiary Windfield Holdings Pty Ltd.
ABOUT TALISON
Talison is a leading global producer of lithium and has been
supplying a global customer network from the Greenbushes Lithium
Operations in Western Australia for over 25 years. In anticipation
of sustained growth in lithium consumption, driven primarily by the
secondary lithium battery market, Talison has doubled its
production capacity at the Greenbushes Operations.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release, including
any information as to Talison's mineral reserve and mineral
resource estimates, strategy, projects, plans, prospects, future
outlook, anticipated events or results or future financial or
operating performance, may constitute "forward-looking information"
within the meaning of Canadian securities laws. All statements,
other than statements of historical fact, constitute
forward-looking information. Forward-looking information can often,
but not always, be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", "predicts", "potential",
"continue" or "believes", or variations (including negative
variations) of such words, or statements that certain actions,
events or results "may", "could", "would", "should", "might",
"potential to", or "will" be taken, occur or be achieved or other
similar expressions concerning matters that are not historical
facts. The purpose of forward-looking information is to provide the
reader with information about management's expectations and plans.
Readers are cautioned that forward-looking statements are not
guarantees of future performance. All forward-looking statements
made or incorporated in this press release are qualified by these
cautionary statements.
Forward-looking statements are necessarily based on a number of
factors, estimates and assumptions that, while considered
reasonable by Talison, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
Such factors, estimates and assumptions include, but are not
limited to: anticipated financial and operating performance of
Talison, its subsidiaries and their respective projects; Talison's
market position; future prices of lithium or lithium concentrates;
estimation of mineral reserves and mineral resources; realization
of mineral reserve and mineral resource estimates; timing, amount
and costs of estimated future production; grade, quality and
content of concentrate produced; sale of production; capital,
operating and exploration expenditures; costs and timing of the
expansion of the Greenbushes Lithium Operations; exploration and
development of the Salares 7 lithium project; costs and timing of
future exploration; requirements for additional capital; government
regulation of exploration, development and mining operations;
environmental risks; reclamation and rehabilitation expenses; title
disputes or claims; absence of significant risks relating to
Talison's mining operations; the costs of Talison's hedging policy;
sales risks related to China; currency; interest rates, and
limitations of insurance coverage. While Talison considers these
factors, estimates and assumptions to be reasonable based on
information currently available to it, they may prove to be
incorrect and actual results may vary.
Readers are cautioned that forward-looking information involves
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of Talison
and/or its subsidiaries to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking information. Such risk factors include, among
others, those described in the unaudited condensed consolidated
interim financial statements of Talison as at September 30, 2012
and for the three months ended September 30, 2012 and under the
heading "Risk Factors" in the annual information form of Talison
for the year ended June 30, 2012 dated September 26, 2012, each of
which can be found on Talison's SEDAR profile at www.sedar.com.
While Talison considers these assumptions to be reasonable based on
information currently available to it, they may prove to be
incorrect and actual results may vary.
Although Talison has attempted to identify statements containing
important factors that could cause actual actions, event or results
to differ materially from those described in forward-looking
information, there may be other factors that cause actions, events
or results to differ from those anticipated, estimated or intended.
Forward-looking information contained herein is made as of the date
of this press release based on the opinions and estimates of
management on the date statements containing such forward-looking
information are made. Except as required by law, Talison disclaims
any obligation to update any forward-looking information, whether
as a result of new information, estimates or opinions, future
events or results or otherwise. There can be no assurance that
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking information.
Contacts: Talison Lithium Limited Frank Wheatley Executive
Director +1 (604) 985 0528 Macquarie Capital Michael Ashforth
Executive Director +61 (8) 9224 0644 Macquarie Capital David
Cobbold Managing Director +1 (416) 848 3654