Mineral Resources put on watchlist by shareholder
Superannuation fund HESTA has placed the Perth-based mining services firm on watchlist over governance concerns.
Talison Lithium plans to double its production at its Greenbushes facility in Western Australia through a $382 million expansion to around 1.95 million tons per year, according to a report by XINHUANET.com.
Work is expected to start early 2019.
“Greenbushes is a truly world-class mining operation with the capacity for significant expansion to underpin the lithium supply needs of our shareholders,” Talison chief executive Lorry Mignacca said in a statement.
Currently the Greenbushes Lithium Operations has two processing plants, one producing technical-grade lithium concentrates and one producing chemical-grade lithium concentrate. Ore containing Li2O is fed into the processing plants which upgrade the lithium mineral, using gravity, heavy media, flotation and magnetic processes, into a range of lithium concentrates.
The project is located 250KM north of Perth.
Written with material from Talison Lithium’s website. Creative Commons image of battery courtesy of jcw1967
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