Tianqi Lithium Industries Co Ltd
Tianqi Lithium Industries Co Ltd
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JV partners IGO and Tianqi Lithium have taken another step in their strategy of establishing a globally significant lithium business through the $A136M cash acquisition of West Australian explorer Essential Metals.
The scheme implementation agreement will deliver Tianqi Lithium Energy Australia 100% ownership of Pioneer Dome, a 450sqkm project 130km S of Kalgoorlie that hosts the 11.2Mt @ 1.16% Li2O Dome North resource.
JV partners Tianqi Lithium Corporation and IGO have achieved commercial production from the first train at its lithium hydroxide refinery at Kwinana, Western Australia.
Tianqi Lithium Energy Australia (Tianqi 51%, IGO 49%) is continuing product qualification and certification with potential offtake customers while it ramps up Train 1 production through 2023.
Australian contract miner Macmahon has won a seven-plus-two years opencut mining load and haul plus crusher feed contract at Talison Lithium’s Greenbushes mine in WA’s southwest. It expects the contract to deliver over $A1.1B revenue over its initial term.
Macmahon expects to finalise conditions and execute the contract within 30 days with Talison Lithium, the JV company owned 51% by Tianqi Lithium and IGO and 49% by Albemarle Corporation.
Lithium JV partners Tianqi (51%) and IGO (49%) are preparing to commence product qualification processes with offtake partners after achieving the first and consistent production of battery grade lithium hydroxide from their Kwinana Lithium Hydroxide Refinery in Western Australia.
The first production of lithium hydroxide in commercial quantities in Australia follows the completion of progressive commissioning and trial production by Train 1 at the facility south of Perth.
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.
The operators of the Greenbushes mine in Western Australia’s southwest are pressing ahead with the latest expansion stage of the world’s lowest-cost and highest-grade hard rock lithium mine, awarding the EPCM services contract for its third chemical-grade processing plant to locally based international engineer Lycopodium.
The change-up in the commissioning of the long-delayed Kwinana Lithium Hydroxide Refinery has seen JV partners Tianqi Lithium (51%) and IGO (49%) produce the first lithium hydroxide chemical ahead of their revised schedule at Australia’s first facility of its kind.
It’s just a first step, but it allows the JV to move from batch basis to continuous operation of Train 1 at the refinery just south of Perth while progressively raising product quality to battery grade for qualification by offtake customers.
Australian miner IGO and Chinese lithium major Tianqi Corp have completed their formation of a globally-focused lithium JV 49% owned by IGO and 51% by Tianqi.
Chinese lithium giant Tianqi and Australian miner IGO are targeting the finalisation of their partnership over the Greenbushes mine and Kwinana refinery in WA by June 30 after gaining key regulatory and foreign investment approvals.
West Australian miner IGO’s 100%-owned Nova nickel-copper-cobalt mine posted lower Dec qtr (Q2FY21) production of 7,024t (Q1: 7,276t) Ni and 3,171t (3,278t) Cu while favourable by-product pricing improved cash costs to $A2.10/lb Ni ($2.25/lb).
MD-CEO Peter Bradford says, having passed the 100,000t nickel milestone, Nova is expected to maintain production guidance while cash costs continue to benefit from by-product pricing.