Hainan Mining to acquire a minority stake in Kodal Minerals for $118m.

Hainan Mining, a mining company, agreed to acquire a minority stake in Kodal Minerals, a lithium explorer, for $118m. “This investment in Kodal and Kodal Mining UK Ltd is in line with our strategy of improving the level of resource and feedstock security and commencing the building of our lithium hydroxide supply chain," Liu Mingdong, Hainan Mining Chairman.