Pilbara Minerals Limited
Pilbara Minerals Limited
Full text is available to Level 2 subscribers only
Subscribe to Mining Business Media
Full access to Mining Business Media's unique blend of global mining sector news and commentary is available by subscription only.
$A275.00 per year*
(*up to 10 users)
GST included in Australia
Direct debit/cheque/credit card:
Click here
Subscription inquiries, email subscribe@miningbusiness.net or call 61+413 772 044.
Related Content
Front-running Australian lithium producer Pilbara Minerals has ridden exceptional global demand and rising prices to post its inaugural after-tax net profit of $A561.8M for the year to June 2022, a turnaround from its prior $51.4M loss. EBITDA leapt to $814.5M (FY21: $21.4M).
West Australian contractor MACA has secured continued work in the lithium sector beyond the expected end of its current mining services engagement at Pilbara Minerals’ Pilgangoora project in late 2022 with a new maintained and operated fleet deal with Allkem at its Mt Cattlin project.
MACA expects the contract to generate about $A12M revenue over six months, and has potential to lead to further work at the Ravensthorpe mine. The company will utilise existing MACA fleet.
(COMMENTARY)
Australian mining and investment leaders welcome their position in the global commodity "sweet spot" by producing the commodities in demand for a world transitioning to low carbon.
A bumper final quarter at its Pilgangoora operation has helped West Australian lithium producer Pilbara Minerals boost its spodumene production to 377,902dmt for the year to end-June (FY22), up from 281,098t in the previous year and at the upper end of its 340,000-380,000t guidance.
Q4's 127,424t, from 58,383t in the March qtr, included the first concentrate from the Ngungaju plant fines circuit. FY22 shipments reached 361,035t (281,440t).
Australian lithium producer Pilbara Minerals gives the final investment decision for the near-$A300M expansion of its Pilgangoora operation as it positions itself to become a global player in the world’s pursuit of a sustainable energy future.
Australian lithium-tantalum producer Pilbara Minerals has given the go-ahead for the $A297.5M expansion of its Pilgangoora operation in WA's Pilbara region, set to lift spodumene concentrate production capacity from the current 580,000tpa to 680,000tpa.
The P680 project is designed to deliver the production increase from the Dec 2023 qtr.
Pilbara says the FID supports its long-term strategy to incrementally grow production capacity in line with customer and market demand while reducing unit operating costs.
The combination of growing sales volumes from its Pilgangoora lithium-tantalum project and the significant increase in spodumene concentrate demand and prices have boosted West Australian producer Pilbara Minerals’ Dec-half revenue to $A291.73M, from $59.1M in the previous corresponding period.
The company posted H1FY22 attributable NPAT of $114M, a turnaround from a $21.16M loss.
Pilbara Minerals shipped 170,228dmt spodumene concentrate (H1FY21: 114,239t).
Commissioning and operational delays at its two processing plants, complicated by skilled labour shortages, have forced Australian producer Pilbara Minerals to reduce FY22 production guidance for its 100%-owned Pilgangoora lithium-tantalum project in the WA Pilbara region.
West Australian miner Pilbara Minerals expects to reach total annual production capacity of 560,000-580,000dmt at its 100%-owned Pilgangoora lithium-tantalum project in the Pilbara region from mid-2022 after achieving first concentrate production through the new filter press at its Pilgan plant.
Pilbara Minerals is targeting annual production capacity of 180,000-200,000dmt from mid-2022 on completion of the ramp-up after commissioning the Ngungaju project adjoining its 100%-owned Pilgangoora lithium-tantalum project in Western Australia’s Pilbara region.
The project, acquired last year from the under-administration Altura Mining, will complement the company’s Pilgan plant with its current capacity of about 330,000tpa due to reach 360,000-380,000tpa following improvement works.