Andrew Liveris takes possession of high-profile salt asset in WA

·

Brisbane Olympic Games chairman Andrew Liveris has secured significant backing for his $375 million push into industrial salt production through his company, Leichhardt Industrials Group.

The company acquired Rio Tinto’s Lake MacLeod salt asset in Western Australia on December 2, attracting high-profile investors, including South Sydney Rabbitohs chairman Nick Pappas and several wealthy Australian families including the Bardas’.

Photo: Rio Tinto.

Corporate filings reveal that $242 million in new shares were issued in Leichhardt on the same day, with notable investors including members of the Kailis family, known for their seafood empire, and heirs to the late Victor Smorgon’s fortune.

Pappas himself subscribed for over $1.5 million in shares, while partners from law firm Arnold Bloch Leibler and financial firm Global Credit Investments also participated.

Lake MacLeod, located nearly 1,000km north of Perth, produces salt and gypsum through natural evaporation processes. The salt produced is in high demand, particularly for industries like battery manufacturing.

Source: The Financial Review.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Historic ties remembered as Greece’s Evzones march in Adelaide’s ANZAC Day parade

During a Dawn Service at West Torrens on Friday, April 25, the Evzones stood guard alongside Australian army battalion in remembrance.

Greek glamour meets Aussie pop: Inside the colourful universe of Stavroula Adameitis

Adelaide-born designer Stavroula Adameitis is a creator of bespoke pieces that she describes as ‘wearable art.’

Melbourne seminar to focus on the odyssey of Michel ‘Pablo’ Raptis

Michel Pablo was a twentieth century revolutionary whose life and ideas remain relevant and inspirational until today.

Lawyer Greg Masselos warns NSW workers’ comp changes could devastate frontline workers

Greg Masselos has warned that proposed changes by the NSW government to raise the threshold for claims could have devastating consequences.

Niki Louca shares how to make Focaccia Bread

Niki Louca from My Greek Kitchen shares her favourite recipe for pita bread with The Greek Herald. You can follow her on Instagram.

You May Also Like

On This Day in 1857: Bulgari founder, Sotirios Voulgaris, was born

On this day in 1857, Bulgari founder Sotirios Voulgaris was born. To honour its founder, The Greek Herald is looking back at his life. 

Canterbury-Bankstown Bulldogs ahead of the pack with new Centre of Excellence

The Canterbury-Bankstown Bulldogs have a new Centre of Excellence approved at the Belmore Sports Ground by the Minns Labor Government.

Loukoumades, music and dancing galore at the Canberra Greek Glendi

The centre of Canberra became a kaleidoscope of colour as the world's cultures came together for the National Multicultural Festival.