King & Wood Mallesons is pleased to announce its role as legal adviser to Iluka Resources Limited (ASX:ILU) in its landmark strategic partnership with Lindian Resources Limited (ASX:LIN).
The deal involves a long-term offtake agreement for the supply of rare earths concentrate to Iluka from Lindian’s Kangankunde Project in Malawi, and a strategic investment by Iluka in Lindian by way of a US$20 million loan facility to support the Project as it approaches first production.
This transaction represents a significant milestone for Iluka as it secures a long-term commitment of material to be processed at its Eneabba Refinery, which is currently being built in partnership with the Australian Government and is scheduled for commissioning in 2027.
By supporting the development of a new rare earths mine and securing complementary Australian and international feedstocks for Eneabba, Iluka reinforces its important role in the diversification of Australia’s rare earths supply chain.
The KWM team was led by Partners Lorenzo Pacitti and Peixin Truong, with support from Special Counsel Christopher Barry and Solicitor Matthew Swain.
Commenting on the transaction, Lorenzo Pacitti said:
“We are delighted to have supported Iluka on this transaction, which secures long-term feedstock supply for Eneabba as Australia’s first fully integrated rare earths refinery. We look forward to continuing to assist Iluka as it strengthens Australia’s role in the global rare earths supply chain.”
This transaction builds on KWM’s position as a leading legal adviser in the critical minerals and resources sector, supporting clients on complex, cross-border transactions that are shaping the future of Australia’s industrial and strategic capabilities.
