PERTH (miningweekly.com) - The share price of lithium miner Galaxy Resources were boosted on Wednesday on news that the company had restarted operations at its Jiangsu lithium carbonate plant, in China.
A November incident at the Jiangsu plant, which claimed the lives of two of the plant workers, halted operations, and cost the miner A$66.2-million worth of investment from the East China Mineral Exploration & Development Bureau.
Galaxy said this week that the Chinese Safety Bureau had now inspected and approved the company’s repairs to the affected u-bend section of the pipe, and plant operations were expected to resume fully, with lithium carbonate production expected by the end of the week.
Additionally, a complete hazard and operability review had been conducted across the Jiangsu operation to ensure complete and ongoing safety at the plant, the ASX-listed Galaxy said.
The main calcination kiln was in the final stage of the dry-out process, and would shortly be heated to full temperature to coincide with the start-up of the plant, allowing for a seamless transition to full operation.
Galaxy shares were trading at a high of 42c a share on Wednesday, up from an opening price of 39c a share.