Rio Tinto names Shell’s Katie Jackson as new copper chief
Jackson, who is the current president of National Grid Ventures, an energy group, joins Rio Tinto on September 1.
Australia’s largest independent lithium miner Pilbara Minerals said on Wednesday it had approved a capital investment to increase production capacity at its flagship Pilgangoora lithium project in Western Australia.
The investment in the Pilgan plant will help increase spodumene concentrate production by 47% to 1 million dry metric tonnes per annum.
Pilbara expects full production and ramp-up at the project by the end of the September quarter of 2025 with an estimated capital expenditure of A$560 million ($375.59 million).
“This further increase in production capacity will cement Pilbara Minerals’ position as a globally significant supplier of lithium materials products delivering into this rapidly growing market,” said Dale Henderson, managing director and CEO at Pilbara.
Shares of the miner company 2% to A$3.93 in early trade.
The Western Australian miner had last year secured A$250 million long-term financing from Australia to support expansion at the Pilgangoora project, which sits on one of the world’s largest lithium ore deposits, according to the company’s website.
($1 = 1.4910 Australian dollars)
(By Navya Mittal; Editing by Uttaresh Venkateshwaran)
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