Deal will not proceed as intended due to recent developments affecting miners operating in the West African country.
Rio Tinto’s latest report comes after the government of Western Australia in June 2022 released its own landmark inquiry.
The new facility has the capacity to recycle up to 9,000 tonnes of palm kernel shells annually, producing up to 3,000 tonnes of graphite per year.
The takeover has faced several hurdles, including a delayed shareholder vote in August and opposition from Fission’s largest investor.
