Orocobre output rises by 65%
PERTH (miningweekly.com) – ASX- and TSX-listed Orocobre has reported a 65% increase in quarterly production during the three months to December, with lithium carbonate production reaching 3 782 t.
The company noted on Thursday that the December quarter results were the second best quarter of production at the Olaroz project, in Argentina, to date.
Sales for the quarter reached 3 019 t of lithium carbonate, with a realised price of $10 587/t on a free-on-board basis, with total sales revenue reaching $32-million.
Orocobre is currently working on the Stage 2 expansion of the Olaroz lithium facility, which will increase lithium carbonate production by 25 000 t/y, bringing the total production capacity to 42 500 t/y.
The $295-million expansion project will result in the production of some 17 500 t/y of battery grade lithium carbonate, 9 500 t/y of technical grade lithium carbonate as feedstock for the planned 10 000 t/y battery Naraha lithium hydroxide plant in Japan, and a further 15 500 t/y of technical grade lithium carbonate.
At the end of December, some $19-million had been spent on the expansion activities.
The Stage 2 plant expansion is scheduled for commissioning in the second half of 2020.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation