Galaxy Resources Limited (ASX:GXY) Appoints 3 Key Positions At Jiangsu Lithium Carbonate Plant
Perth, Nov 10, 2009 AEST (ABN Newswire) - Galaxy Resources Limited (ASX:GXY)(PINK:GALXF) today announced the appointment of three key positions of the Jiangsu Lithium Carbonate Plant operational and business team; Mr Wang Xiao Yi (Jiangsu Operations Manager), Ms Ayigul Baghdati (Commercial & Export Manager) and Ms Laura Lu (Financial Controller).
Mr Wang Xiao Yi - Operations Manager
Mr Wang has 32 years experience in the production of lithium carbonate and worked at the Xingjiang Lithium Carbonate Plant, in China from 1975 to 2007. He was the Vice Plant General Manager of Xingjiang from 1992 to 1995. Mt Wang has also lithium carbonate marketing experience when he was responsible for product marketing for the last 12 years at Xingjiang.
Ms Ayigul Baghdati - Commercial & Export Manager
Ms Baghdati has 10 years experience in international import/export trade in China. She has had responsibilities including importing metals and materials from several countries (including spodumene from Australia), overseas and domestic logistics and lithium product sales. She received a university Degree in International Trade in Beijing before she joined the trading company division of Xinjiang You Se Group (Xinjiang Nonferrous Metals). She has been responsible for coordinating the raw material supply to the Xinjiang Lithium Carbonate Plant.
Ms Laura Lu - Financial Controller
Ms Lu has 13 years accounting experience specifically with western companies in the Zhangjiagang area. She is an accounting graduate from Jiang Su University of Science and Technology. Her previous role was Finance Manager looking after three manufacturing sites for German company, Wacker Chemical in Zhangjiagang. Other companies Ms Lu has worked for include Ciba specialty Chemicals (Jiangsu) Co., Ltd and Jiang Su SOPO Co., Ltd.
Managing Director, Iggy Tan said that the appointments mark the recruitment of very strong lithium carbonate operating and business experience in China. We are delighted to have a very experienced lithium carbonate operator in Mr Wang join the team.
"The Xingjiang plant which Mr Wang managed, currently purchases Australian spodumene from Talison and converts to lithium carbonate in exactly the same fundamental process as the proposed Galaxy Jiangsu Lithium Carbonate plant".
"I would suggest that there isn't anything Mr Wang doesn't know about producing lithium carbonate in China".
About Galaxy Resources Limited
Galaxy Resources Limited (ASX:GXY) (OTCMKTS:GALXF) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate, and the James Bay lithium pegmatite project in Quebec, Canada.
Galaxy is advancing plans to develop the Sal de Vida lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet), which is currently the source of 60% of global lithium production. Sal de Vida has excellent potential as a low cost brine-based lithium carbonate production facility.
Lithium compounds are used in the manufacture of ceramics, glass, and consumer electronics and are an essential cathode material for long life lithium-ion batteries used in hybrid and electric vehicles, as well as mass energy storage systems. Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products.
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