Galaxy Resources Limited (ASX:GXY) Wins Australia-China Business Award For Entrepreneurial Excellence
Perth, Dec 4, 2009 AEST (ABN Newswire) - Galaxy Resources Limited (ASX:GXY)(PINK:GALXF) is pleased that it was announced as the winner of the entrepreneurial excellence award at the AustCham Australia-China Business Awards in Beijing last night. The award recognises an Australian business that has demonstrated entrepreneurial excellence in greater China over the past year.
This year, the AustCham Australia-China Business Awards were jointly organised by the Australian Chambers of Commerce (AustCham) in Beijing, Hong Kong, Macau and Shanghai. To commemorate the 60th Anniversary of the founding of the People's Republic of China the 2009 Gala Award Presentation was hosted in Beijing. The AustCham Australia-China Business Award has been, for 17 years, a means of recognising companies that have worked to deliver Australian products or services to the Greater China region.
Galaxy's General Manager Marketing, Mr Anand Sheth, was in Beijing last night to collect the award on behalf of Galaxy.
He said that the Company was immensely proud and honoured to be recognised for its effort in building a downstream business relationship with China.
"These awards have grown in stature over the years and are now recognised as a high profile celebration of business success among Australian business communities in the region", he said.
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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