Ganfeng Lithium and Lithium Americas approve Argentina lithium project expansion
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Caucharí-Olaroz project 'on track to become the largest new lithium brine operation in over 20 years'. Photo: Lithium Americas
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Ganfeng Lithium and Lithium Americas have given the green light to start development planning for a second stage expansion of their Caucharí-Olaroz lithium brine project in Argentina.
The partners said today that the stage 2 expansion would see "at least an additional 20,000 tonnes per annum (tpa) of lithium carbonate equivalent (LCE) production capacity from the project starting in 2025.
The chairman of Canada-based Lithium Americas, George Ireland, said: "Caucharí-Olaroz is on track to become the largest new lithium brine operation in over 20 years.”
"With construction for stage 1 expected to be complete within the next year, together with Ganfeng Lithium, we are beginning to plan our next phase of growth in Argentina.”
Majority stake
Construction of the initial 40,000 tpa stage 1 operation remains on track for first production in mid-2022, the partners said.
Last year, Ganfeng finalised a deal that gave it a majority stake in Minera Exar – which it jointly owns with Lithium Americas to develop Caucharí-Olaroz.
Under the terms of the deal, Ganfeng increased its stake in Minera Exar from 50% to 51%, with Lithium Americas owning the remaining 49%.
The partners said today that the stage 2 expansion would see "at least an additional 20,000 tonnes per annum (tpa) of lithium carbonate equivalent (LCE) production capacity from the project starting in 2025.
The chairman of Canada-based Lithium Americas, George Ireland, said: "Caucharí-Olaroz is on track to become the largest new lithium brine operation in over 20 years.”
"With construction for stage 1 expected to be complete within the next year, together with Ganfeng Lithium, we are beginning to plan our next phase of growth in Argentina.”
Majority stake
Construction of the initial 40,000 tpa stage 1 operation remains on track for first production in mid-2022, the partners said.
Last year, Ganfeng finalised a deal that gave it a majority stake in Minera Exar – which it jointly owns with Lithium Americas to develop Caucharí-Olaroz.
Under the terms of the deal, Ganfeng increased its stake in Minera Exar from 50% to 51%, with Lithium Americas owning the remaining 49%.
Ganfeng is a leading Chinese lithium mining company that has evolved into the refining and processing of lithium, battery manufacturing and recycling.
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