Duncan Stewart, the brother-in-law of then-Kidman chief executive Martin Donohue, has been sentenced for insider trading in relation to the Wesfarmers takeover of Kidman Resources.
Today's board moves wrap includes Charlie Bass, Paul Stephen, Ziggy Lubieniecki, Andrew Woskett, Evan Cranston, Nicholas Holthouse, Kelly Moore, Tristan Garthe, Russell Taylor, Linda O'Farrell, Luke Bortoli, Rhys Bradley and more.
Kidman Resources has reached a settlement with parties in relation to a minimum expenditure obligation for a series of tenements at its Mt Holland project near Southern Cross.
Kidman Resources has announced plans to integrate the studies for its proposed Kwinana lithium refinery and Mt Holland mine near Southern Cross into a singular project, while also securing a $US100 million ($140 million) debt facility for the project.
Kidman Resources says development of its planned Kwinana lithium refinery and Mt Holland project near Southern Cross will cost up to $US755 million ($1.06 billion) and generate about 700 jobs.
Kwinana has been selected as the site for what is likely to be the fourth lithium refinery in Western Australia, with investment in the boom sector estimated to exceed $4 billion in the next few years.
Kidman Resources has finalised a $110 million joint venture agreement with Chilean company SQM for the Mt Holland lithium project, while Altura Mining has begun extracting ore at its Pilgangoora lithium project.
The world's largest lithium producer will make a $A150 million investment in Kidman Resources' Mt Holland project near Southern Cross, and plans to build a new refinery in the region.
Kidman Resources has successfully fended off Marindi Metals' claims of rights to the Mt Holland lithium project near Southern Cross, after a Supreme Court verdict was handed down last week.
Kidman Resources has entered into an agreement to farm-in to 19 lithium-prospective tenements in Western Australia owned by nickel miner Western Areas, with the scrip-and-spend deal worth up to $11.6 million.
Kidman Resources has bought two lithium tenements from nickel miner Western Areas in a $6 million all-scrip deal, while Lithium Australia has signed a memorandum for a joint venture in Germany.
Saracen Mineral Holdings has announced development of the Thunderbox mine is ahead of schedule, while Kidman Resources achieved its first gold pour at the Burbanks mine.
