Pilbara Minerals

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Pilbara Minerals
FormerlyFortuna Metals
Marginbet
Portland International
ASX: PLS
IndustryMining
FoundedJanuary 2005
FounderStephen Hobbs
Nick Kephala
John Levy
Headquarters
West Perth, Western Australia
Key people
Tony Kiernan(Chairman)
Ken Brinsden (CEO)
ProductsLithium, tantalite
Revenue$176 million (2021)
($51 million) (2021)
Websitewww.pilbaraminerals.com.au

Pilbara Minerals is an Australian lithium and tantalite mining company.

History[]

Pilbara Minerals was founded in January 2005 as Portland International.[1] It commenced trading in August as an internet and telephone sports bookmaker. Having been renamed Marginbet in April 2007, it was listed on the Australian Securities Exchange in September 2007.[2][3]

In November 2007 it diversified into gold mining, purchasing two prospecting licences in the Goldfields-Esperance region of Western Australia.[4] In December 2007, the company discontinued its bookmaking business.[5] In April 2008 Marginbet was renamed Fortuna Metals.[6]

In 2009/10, 13 exploration licences in the Pilbara were purchased.[7][8] In 2012, Sturt Resources that had gold and copper mining interests in Papua New Guinea.[9] In June 2014, Pilbara Minerals acquired a 50% stake in the Tabba Tabba Tantallum project.[10] In July 2014, Pilbara acquired the Pilgangoora Tantallum-Lithium Tantalum project,[11] and ordered a 6 MW solar plant in 2021.[12]

In 2020 Pilbara Minerals acquired the Altura lithium project in Western Australia.[13]

Controversies[]

In 2019 a 30-year-old man was charged with murdering a co-worker at Pilbara Minerals' Pilgangoora mine.[14][15]

References[]

  1. ^ Historical details for ABN 95 112 425 788 Australian Business Number
  2. ^ Prospectus Marginbet 22 June 2007
  3. ^ Marginbet Limited Admission to Official List Australian Securities Exchange 18 September 2007
  4. ^ Acquisition of Interest in Christmas Bore Project Marginbet 23 November 2007
  5. ^ Update on Gaming Operations Marginbet 18 December 2007
  6. ^ Change of Company Name Australian Securities Exchange 9 April 2008
  7. ^ Acquisition of West Pilbara Mineral Tenements Fortuna Metals 13 October 2009
  8. ^ Acquisition of Further West Pilbara Mineral Tenements Fortuna Metals 12 January 2010
  9. ^ Pilbara to Acquire Major Copper/Gold Mining Project in PNG Pilbara Minerals 30 October 2012
  10. ^ Pilbara on Track for Completion after Completing Acquisition of 50% Stake in Tabba Tabba Tantallum Project Pilbara Minerals 10 June 2014
  11. ^ Pilbara Completes Acquisition of Pilgangoora Tantallum-Lithium Tantalum Project Pilbara Minerals 28 July 2014
  12. ^ Vorrath, Sophie (9 November 2021). "Massive lithium mine looks to solar, battery storage, to slash diesel costs". One Step Off The Grid.
  13. ^ Zakharia, Nickolas (20 January 2021). "Pilbara Minerals strengthens Pilgangoora lithium foothold". Australian Mining. Retrieved 16 June 2021.
  14. ^ "Mine worker charged over colleague's alleged murder at WA site". www.9news.com.au. Retrieved 16 June 2021.
  15. ^ Barry, Hamish Hastie, Hannah (12 November 2019). "Man charged with murder over death at Pilbara lithium mine". Sydney Morning Herald. Retrieved 16 June 2021.

External links[]

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