The a $778,000 project seeks to mitigate the overall impact of its lithium operations in one of the driest places in the world.

The Canadian miner and the German industrial services provider expect the lithium hydroxide converter to be in operations in 2024.

RCF Management LLC, which has 5.2% stake in Iamgold, said on Tuesday there was “an urgent need” for a board overhaul.

Chairman Don Charter retired on January 29, only two weeks after the company’s president and chief executive Gordon Stothart announced his departure.

Eight-month independent review of the miner’s workplace culture found disturbing, systemic behaviours across the company’s sites.

The Anglo American unit is selling its 50% stake in the Kroondal and Marikana platinum group metals mines in South Africa for just 1 rand ($0.0643).

It estimates the covid-19 pandemic will impact the expansion project's cost by $900 to $1.1 billion, up from the $600 million anticipated.

The company’s 20-year-old presence in the stock draws to a close, as part of a plan to simplify its corporate structure.

It saw 2021 production jump by 29% to 32.3 million carats, as the miner boosted output to meet recovering demand.