Sociedad Química y Minera de Chile S.A. (SQM)
Sociedad Química y Minera de Chile S.A. (SQM)
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A new study has added new positive fuel to 2 recent studies on the Mt Holland lithium mine-to-refinery project in Western Australia, cutting total capex for the 47-year LoM operation to $US737M from $755M, with production unchanged at an average 45,254tpa of battery grade lithium hydroxide (LiOH), but with cash costs up due to lower Li2O grades.
Kidman Resources/ Sociedad Quimica y Minera de Chile DFS expected to be completed in H1 2019, after which a final investment decision will be made.
The DFS-stage Mt Holland lithium mine-to-refinery project in Western Australia has received a fillip with a new study adding further positive weight to 2 other recent studies. By Mark Mentiplay
2 new studies paint a bright future for the joint Australian-Chilean companies development of an integrated $US755M capex, 47-year LoM Western Australia lithium mine and refinery generating LoM revenue of $US33.5B and project EBITDA of $22B, an average revenue of $713M pa and EBITDA of $467M pa.
New studies see joint Australian-Chilean lithium project generating $33.5B revenue over an initial 47-year LoM.
A row over $A100,000 could delay the development of a globally significant integrated lithium mine, concentrator and refinery by Kidman Resources and its Chilean JV partner SQM in Western Australia.
The Mt Holland JV partners want WA mines minister Bill Johnston to use his powers to reject a Mining Warden’s court ruling that could lead to the forfeiture of 13 tenements at its Mt Holland mine site.
Warden’s court ruling on historic tenement dispute could delay Australia’s most advanced proposed lithium mining and processing development, companies warn.
Kidman Resources has followed up its announcement 2 weeks ago of plans to construct a lithium refinery in Western Australia by signing a binding lithium hydroxide offtake agreement with electric vehicles industry leader Tesla.
The confidential 3-year fixed-price take-or-pay agreement, with two 3-year options, covers under 25% of Kidman's share of initial production.
Kidman is advancing more offtake agreements, with expressions of interest in place that materially exceed its production share.
Western Australian Lithium partners Kidman Resources and Sociedad Quimica y Minera de Chile plan to begin production of 44,000tpa lithium hydroxide or 37,000tpa lithium carbonate in 2021 after selecting a site in Kwinana, south of Perth, for their lithium refinery.
The refinery will treat mineral from the 50-50 JV's proposed mine and concentrator at Mt Holland, SE of Southern Cross.
The DFS for the refinery project is expected to be released in late 2018.
Chile could earn up to $US7.5B in royalties by 2030 from a new contract with leading global lithium producer Sociedad Química y Minera de Chile (SQM) if it can resolve its dispute with the company, Reuters reports.
SQM and Chilean development agency Corfo have been embroiled in a high stakes legal battle over mining royalties in the Salar de Atacama, one of the world´s richest deposits of lithium, since 2014.
An over 3-year dispute between the Chile and miner SQM is delaying the govt’s right to reap up to $7.5B in lithium royalties by 2030