- Write by:
-
Tuesday, February 25, 2020 - 11:44:10 AM
-
755 Visit
-
Print
Mining News Pro - Emerging Australian lithium miner Sayona Mining announced on Monday that the company has submitted a bid for Québec’s North American Lithium (NAL). The bid was lodged before the stated deadline on February 21.
According to Mining News Pro - Sayona believes its bid for the NAL assets had the advantage of being able to combine lithium produced from the company’s Authier project with the lithium at the NAL site, facilitating a significant improvement in plant performance and economics.
In 2018, NAL produced 114,000 tonnes of spodumene against a nameplate capacity of 180,000 tonnes. The operation also has the potential to produce battery-grade lithium carbonate with the necessary investment.
Production at NAL was halted early last year, and in May the Québec Superior Court ended creditor protection, inviting bids for the company’s assets.
Sayona’s Authier project, on its own, is expected to produce 87,400 tonnes of spodumene per year over a mine life of 18 years, with the project expected to cost C$83.6 million to develop.
“Today’s submission is an important step not only for Sayona and NAL, but also for the Québec government’s plans to develop a sustainable and profitable lithium industry,” managing director Brett Lynch said in a media release.
Short Link:
https://www.miningnews.ir/En/News/492518
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on ...
Equinor on Wednesday said it has entered an agreement with Standard Lithium to acquire a 45% stake in lithium projects ...
China issued draft rules on Wednesday to regulate its lithium battery market, after rapid expansion in the sector hit ...
China’s Ganfeng Lithium Group Co. plans to pay about $408 million to buy out its partner in a lithium mine being ...
The chairman of Chile’s state-run copper giant Codelco said on Monday that he expects to reach a lithium deal with ...
First Quantum Minerals is looking forward to talks with the new administration in Panama and to work together to find a ...
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, could look at reducing capital ...
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, on Wednesday missed first quarter ...
Jiang Weiping, the founder of major Chinese lithium producer Tianqi Lithium Corp., resigned as chairman after the ...
No comments have been posted yet ...