Cargando precios de metales...

Lithium Americas Provides an Update on the Cauchari-Olaroz Project

2 mins lectura
Compartir:

Lithium Americas Corp. provided an update for the Cauchari-Olaroz lithium project («Cauchari-Olaroz») in Jujuy province.

Minera Exar S.A., a 50/50 joint venture company between Lithium Americas and Sociedad Quimica y Minera de Chile S.A. («SQM»), continues to advance the Cauchari-Olaroz project as planned. As previously announced, Minera Exar is pursuing a development plan at Cauchari-Olaroz that targets 50,000 tonnes per annum («tpa») of lithium carbonate production capacity in two stages, with each stage consisting of 25,000 tpa of lithium carbonate. A feasibility study («Stage 1 DFS») on the first stage of 25,000 tpa of lithium carbonate production capacity («Stage 1») is nearing completion.

The qualified persons («QPs») responsible for preparing the Stage 1 DFS have completed substantially all capital cost development analysis for Stage 1, with remaining work related primarily to confirming SQM’s operating cost estimates to a NI 43-101 compliant feasibility study standard. The Company and the QPs can confirm at this time the following:

The project capital cost estimate for the construction of Stage 1 is expected to be US$420 – US$430 million before value-added and other applicable taxes and working capital;

The operating cost estimate will be at the low end of the cost curve compared to producing lithium operations;
The parties expect to be in a position to commence construction in the first half of 2017;

The current construction schedule is estimated at two years with production forecast to start in 2019;

During the construction period, Minera Exar’s direct employment in the province of Jujuy is estimated to be at least 800 people; once in operation, Minera Exar is expected to employ approximately 300 people in permanent positions.

Lithium Americas will be responsible for contributing 50% of capital expenditures for the construction of Stage 1, amounting to approximately US$210 – US$215 million before Taxes and working capital.

Publicado por: Panorama Minero

Categoría: Noticias

¿Querés recibir noticias del sector y de las iniciativas de Panorama Minero?


Suscribite a nuestro boletín.

Imagen ilustrativa para el artículo: La Universidad de Queensland capacitará a mineros de toda América Latina

La Universidad de Queensland capacitará a mineros de toda América Latina

Como parte de un programa educativo transnacional australiano en apoyo del desarrollo de una fuerza laboral calificada en el sector de minerales críticos, expertos de la Universidad de Queensland, en colaboración de SMI-ICE-Chile, brindarán capacitación sobre seguridad minera y sustentabilidad en regiones ricas en recursos de América Latina.