Galaxy ups output in Sept quarter
PERTH (miningweekly.com) – Lithium miner Galaxy Resources has reported a 43% increase in production at its Mt Cattlin operations, in Western Australia, in the three months to September, compared with the second quarter of 2017.
The ASX-listed company on Monday reported that Mt Cattlin produced 47 075 to of lithium concentrate during the quarter.
Galaxy told shareholders that mining volumes during the three months increased by 7% on the previous quarter, mainly owing to a 29% increase in ore mining volumes.
Meanwhile, an improved performance at the Mt Cattlin plant during the quarter also continued, with average recovery of 57% achieved, which was above the targeted levels of 50% to 55%.
Galaxy noted that some 41 834 t of lithium concentrate was sold from the Mt Cattlin operation during the quarter under review, an increase of 39% on the June quarter. Average realised prices reached $843/t, which was a 17% improvement over the second quarter, generating earnings before interest, taxes, depreciation and amortisation of A$21.6-million.
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