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PROJECT
PROJECT
project

Olaroz lithium project, Argentina

Image of periodic table symbol for lithium

1st December 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Olaroz lithium project.

Location
Jujuy, Argentina.

Project Owner/s
Allkem, Toyota Tsusho Corporation and Jujuy Energia y Mineria Sociedad del Estado.

Project Description
Olaroz is a brine-based lithium facility and produces high-quality lithium carbonate chemicals for the battery, technical and chemical markets.

The project is based on a proposed Stage 1 and Stage 2 operation producing 42 500 t/y of lithium carbonate equivalent over to a mine life of more than 40 years.

Stage 1 of the Olaroz project is the original project, and has a maximum production capacity of 17 500 t/y of lithium carbonate.

Stage 2 is targeting an additional 25 000 t/y of lithium carbonate.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 10% discount rate, of $7.01-billion.

Capital Expenditure
Not stated.

Planned Start/End Date
Stage 2 produced its first wet concentrate in July 2023, and is scheduled to start production in the second half of 2023.

Ramp-up activities are expected to take 15 months to complete.

Latest Developments
Note stated.

Key Contracts, Suppliers and Consultants
Not stated.

Contact Details for Project Information
Allkem, tel +61 7 3064 3600, or email info@allkem.co.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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