IGO signs $785m deal to acquire Australia’s Western Areas

Australian nickel and lithium miner IGO has agreed to acquire nickel-focused, base metal miner Western Areas (WSA) for $785m (A$1.10bn).
Under the arrangement, Western Areas shareholders will receive A$3.36 in cash from IGO for each share held.
The acquisition is aligned with IGO’s plan to focus on metals critical to clean energy. It also represents a logical consolidation of the nickel sector in Western Australia.