IRON and STEEL
Australian miner Galaxy Resources Ltd said on Monday it has received several offers from potential partners for its flagship Sal de Vida project in Argentina.
Galaxy said in a statement that it will only proceed with a strategic partner "if the final terms of the relationship properly recognise the fundamental underlying value of Sal de Vida and the partner can add additional value to the project."
It said it would continue to develop the lithium project in the short term.
Galaxy also said that it was in talks with engineering service provider WorleyParsons which it may appoint as its project management consultant.
Galaxy sealed a deal at the end of August to sell its mining rights at another project in Argentina, the Salar del Hombre Muerto project, to South Korean steelmaker POSCO for $280 million, and said that it planned to use the funds to develop the Sal de Vida project.
SANTIAGO – Chilean lithium miner SQM on Thursday received environmental approval to expand its lithium carbonate production plant, the local environmental regulator told Reuters, marking a milestone as the company seeks to boost output of the coveted ultralight battery metal.
China’s Tianqi Lithium, the world’s No.3 producer of the metal used in electric vehicle batteries, will appoint three members to the board of Chile’s Chemical and Mining Society (SQM), as it recently acquired almost a quarter of the company.
After completing its phase two and three drill programs at its flagship Cauchari lithium project in Jujuy, Argentina, Advantage Lithium has more than doubled the project’s resource. Based on its new measured and indicated resources, the company says Cauchari is now Argentina’s second largest development project.
Millennial Lithium (TSXV: ML) announced that its Pastos Grandes Salar lithium brine project in Argentina is now home to a solar-powered permanent project center, which includes a 60-100 person camp with dorms and other facilities, an on-site laboratory, and a process pilot plant under construction.
Cobalt prices were surging so much last year that thieves were carrying out elaborate heists at warehouses in Europe’s busiest port. Now, prices are in free fall and mining companies are taking the financial hit.
The Peruvian government will likely grant Southern Copper Corp a construction license for its $1.4 billion Tia Maria project before its environmental permit expires in August, the energy and mines minister told Reuters on Thursday.