LITHIUM MINES AND MINING – WESTERN AUSTRALIA

Fortescue unplugs lithium from battery of resources

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Original article by Barry FitzGerald
The Australian – Page: 22 : 21-Jul-16

Australian-listed Fortescue Metals Group has revealed plans to sell the lithium exploration rights at its iron ore leases in Western Australia’s Pilbara region. CEO Nev Power says iron ore remains the company’s priority. Lithium miners such as Pilbara Minerals and Orocobre have benefited from growing global demand for lithium-ion batteries, with strong gains in their share prices and market capitalisation.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, PILBARA MINERALS LIMITED – ASX PLS, OROCOBRE LIMITED – ASX ORE

Galaxy Resources, General Mining in $700m merger

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Original article by Tess Ingram
The Australian Financial Review – Page: 16 : 31-May-16

Lithium miners Galaxy Resources and General Mining Corporation have confirmed a merger deal. Shares in both groups resumed trading on 30 May 2016 after Galaxy unveiled a proposal to offer 1.65 of its shares for each share in General Mining. The merged entity’s assets will include the joint venture Mt Cattlin project in Western Australia. There is expected to be strong growth in demand for lithium in coming years.

CORPORATES
GALAXY RESOURCES LIMITED – ASX GXY, GENERAL MINING CORPORATION LIMITED – ASX GMM, GLOBAL LITHIUM LLC

Study backs Pilbara lithium mine’s potential

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Original article by Paul Garvey
The Australian – Page: 20 : 11-Mar-16

A pre-feasibility study released by Australian-listed Pilbara Minerals is upbeat about the potential of the group’s Pilgangoora lithium project. The study concluded that the mine could yield 330,000 tonnes of spodumene concentrate a year, with production costs of about $US205 per tonne. The study also forecasts that the project would have annual EBITDA of $A120m. The spot price of spodumene concentrate currently exceeds $US600 per tonne.

CORPORATES
PILBARA MINERALS LIMITED – ASX FTN, TESLA MOTORS INCORPORATED, ATLAS IRON LIMITED – ASX AGO, FOSTER STOCKBROKING PTY LTD