Orocobre, a mineral resource company, agreed to merge with Galaxy Resources, an Australian mining company, in a $1.4bn deal. Orocobre will acquire 100% of the shares in Galaxy. Upon implementation of the scheme, Orocobre shareholders will own 54.2% of the fully diluted share capital of the combined entity and Galaxy shareholders will own the remaining 45.8%. “The logic of this merger is compelling. Both Orocobre and Galaxy shareholders, will benefit from the diversification, growth and scale of a top 5 global lithium chemicals company. I take this opportunity to re-iterate the group's ongoing commitment to the principles of delivering the highest level of transparency of our environmental, social and governance performance, the foundations upon which our assets have and will continue to be developed," Robert Hubbard, Orocobre Chairman.