LITHIUM MINES AND MINING – ARGENTINA

Rio weighs up another lithium play

roymorgansocial Leave a comment

Original article by Brad Thompson
The Australian – Page: 16 : 11-Dec-24

Rio Tinto’s board is expected to approve a proposal to increase the annual production capacity of its Rincon lithium project in Argentina to 60,000 tonnes. Rio Tinto recently advised of the first production from a pilot plant at Rincon, more than two years after it acquired the project for $US825m. Barrenjoey is of the view that Rio Tinto may direct some of its $US800m worth of unallocated capital expenditure to the Rincon project. Rio Tinto is also seeking to acquire Arcadium Lithium, with the target’s shareholders set to vote on the $US6.7bn deal on 23 December.

CORPORATES
RIO TINTO LIMITED – ASX RIO, ARCADIUM LITHIUM PLC – ASX LTM, BARRENJOEY CAPITAL PARTNERS PTY LTD

Lake Resources cutting jobs as lithium stabilises

roymorgansocial Leave a comment

Original article by Matt Bell
The Australian – Page: 16 : 5-Mar-24

Australian-listed Lake Resources has advised that it is seeking a partner for its Kachi lithium project in Argentina, which will continue to be the company’s priority. CEO David Dickson says Lake Resources will seek expressions of interest from prospective partners, with a view to making a final investment decision on Kachi in 2025. Dickson has also indicated that Lake Resources will review its non-core assets and lithium tenements, while it will retrench about 50 per cent of its global workforce; the job cuts will be focused on non-core operational and administrative roles.

CORPORATES
LAKE RESOURCES NL – ASX LKE

Orocobre tips ongoing demand for lithium

roymorgansocial Leave a comment

Original article by Paul Garvey
The Australian – Page: 22 : 20-Sep-16

Australian-listed Orocobre has posted a 2015-16 loss of $US21.9m ($A29m). However, CEO Richard Seville is upbeat about the outlook for lithium, and he believes that producers will struggle to meet growing global demand. Orocobre produced 6,903 tonnes of lithium in 2015-16, and the group forecasts output of at least 15,000 tonnes in 2016-17. It has also advised that its Salar de Olaroz project in Argentina should reach nameplate capacity in the current financial year.

CORPORATES
OROCOBRE LIMITED – ASX ORE, GALAXY RESOURCES LIMITED – ASX GXY, PILBARA MINERALS LIMITED – ASX PLS, NEOMETALS LIMITED – ASX NMT

UBS small-caps funds feature lithium play

roymorgansocial Leave a comment

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 18 : 11-May-15

Demand for lithium is rising by 10 per cent each year, and Australian-listed Orocobre’s Olaroz mine in Argentina yields 10 per cent of global supply. UBS Global Asset Management is upbeat about Orocobre, while Western Areas and Sundance Energy are the only other resources stocks in the portfolios of its small and micro-capitalisation funds at present.

CORPORATES
OROCOBRE LIMITED – ASX ORE, WESTERN AREAS LIMITED – ASX WSA, SUNDANCE ENERGY AUSTRALIA LIMITED – ASX SEA, UBS GLOBAL ASSET MANAGEMENT (AUSTRALIA) LIMITED, TESLA MOTORS INCORPORATED, SIRIUS RESOURCES NL – ASX SIR