Sociedad Química y Minera de Chile S.A. (SQM)
Sociedad Química y Minera de Chile S.A. (SQM)
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Junior explorer Riversgold is focusing on the potential to identify extensions of the Mt Holland lithium development project after taking an option to acquire 80% of the lithium rights over a property 105km south of Southern Cross in Western Australia.
The exploration licence is 600m east of the Mt Holland mine, where Covalent Lithium is developing the Earl Grey deposit for JV partners Sociedad Química y Minera de Chile and Wesfarmers.
Junior Australian explorer Riversgold is focusing on the potential to identify extensions of the SCM Chile-Wesfarmers Mt Holland lithium project after taking an option to acquire lithium rights over a property 105km south of Southern Cross in WA.
Australian engineering and construction company Decmil is building a greater presence in the growing lithium mining and processing sector with the award of two new contracts worth a combined $A34M.
Decmil will design and construct non-process infrastructure at Kwinana near Perth including administration and control centre, laboratory and workshop, warehouse, refuelling facility and wastewater treatment for the Covalent Lithium JV of Wesfarmers and Sociedad Química y Minera de Chile.
Leading global lithium producer Sociedad Química y Minera de Chile has added to its Australian exploration holdings with agreement to earn up to 70% in Kalamazoo Resources’ 100%-owned DOM’s Hill and Marble Bar projects in the East Pilbara region of WA.
SQM will sole-fund $A12M exploration and development over four years. Kalamazoo will continue initially as exploration manager after its geochemical soil sampling identified high-priority targets for 5,000m RC drilling in 2022.
Australian mining/civil contractor NRW Holdings’ wholly owned subsidiary Primero Group has won the $A290M Engineering, Procurement and Construction (EPC) contract for the Covalent Lithium J/V of Wesfarmers and SQM’s Mt Holland Concentrator Project in Western Australia.
JV partners Wesfarmers Resources and Sociedad Quimica y Minera de Chile have begun construction and project development on their proposed Covalent Lithium refinery development at Kwinana in Perth after gaining West Australian government approval.
West Australian conglomerate Wesfarmers and Chile’s Sociedad Quimica y Minera have given their deferred final investment approval for ambitious vertically integrated lithium hydroxide development.
Partners Wesfarmers and Sociedad Quimica y Minera de Chile have reached a final investment decision on the proposed development of the Mt Holland lithium mine-to-refinery project in Western Australia, with full funding expected to be committed when environmental approvals are received - anticipated early in 2022.
Wesfarmers expects its 50% share of the capital expenditure will be about $A950M, which it will fund from existing cash and debt facilities.
Australian conglomerate Wesfarmers and 50% Covalent JV partner Sociedad Quimica y Minera de Chile have deferred a final investment decision on the Mt Holland lithium development in WA to explore more capital and operating cost savings plus new utility and infrastructure solutions.
Industrial conglomerate Wesfarmers has completed its $A776M, $1.90-a-share takeover bid for Kidman Resources and its 50% of the proposed long-life Mt Holland lithium mining/refining operation in Western Australia.