Mining Award & First Primary Lithium Carbonate Production
Perth, Nov 27, 2014 AEST (ABN Newswire) - Orocobre Limited (
ASX:ORE) (TSE:ORL) ("Orocobre" or "the Company") is pleased to announce that the Argentine mining magazine Panorama Minero and the Fundacion para el desarrollo de la Mineria Argentina ("Fundamin or Foundation for Development of Argentina Mining) named Orocobre Group's subsidiary Sales de Jujuy SA as "Mining Company of the Year 2014". This prestigious award was presented to Orocobre Group Operations Manager Jose de Castro at the Panorama Minero "Night of Honours" function in Buenos Aires on the 19th of November.
Sales de Jujuy SA was described as being renowned for its model of inclusive governance, providing benefits for all parties in the supply chain through its shared value policy. Diego Soriano, a representative for the community of Olaroz, accompanied Jose de Castro to the event, demonstrating the importance of the local Argentine communities to Sales de Jujuy SA and Orocobre. Orocobre was also awarded the Mining Company of the Year Award in 2012.
Corporate social responsibility forms a key part of the Company's management strategy across all operations. Sales de Jujuy SA was presented with the Silver Cup Award by Inversiones Empresas y Negocios for undertaking outstanding corporate socially responsible activities within the local communities in November 2013 and the Silver Cup Award was presented to Orocobre Group in September 2014.
Orocobre continues to partner with local governments, businesses and communities to deliver on its promise to create a sustainable, responsible and mutually-beneficial operating environment for all.
Commissioning
Having completed commission of the auxiliary circuits, the focus over the past few weeks has been on the primary lithium carbonate circuit. With the commissioning of the belt filter, the plant was able to produce the first primary lithium carbonate on 21st November. A short video of the primary lithium carbonate production is available on the home page of the Company website www.orocobre.com via the button entitled "Lithium Carbonate Plant Commissioning". The commissioning process has now moved on to the purification and micronising circuits which should be completed shortly. The latest images of the Olaroz Project are available for viewing in the Gallery, also accessible via the home page.
To view photographs, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ORE-831722.pdf
About Orocobre Limited
Orocobre Limited is listed on the Australian Securities Exchange and Toronto Stock Exchange (
ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF), and is building a substantial Argentine based industrial chemicals company through its portfolio of lithium, potash and boron assets. In partnership with Toyota Tsusho Corporation (TTC) and JEMSE, Orocobre has built and is now operating the world's first commercial, brine-based lithium operation constructed in approximately 20 years.
In 2018 Orocobre announced the Stage 2 Expansion of its flagship Olaroz Lithium Facility in Argentina. The Stage 2 Expansion will add 25,000 tpa of lithium carbonate production capacity, taking full production and capacity to 42,500 tpa of lithium carbonate for sale to industrial, technical and battery markets, positioning Orocobre as one of the world's largest and lowest cost lithium chemicals producers.
Additionally, Orocobre and Toyota Tsusho Corporation have commenced construction of the 10,000 tpa lithium hydroxide plant in Naraha, Japan. The construction of the Naraha Lithium Hydroxide Plant will further cement Orocobre's position as a global lithium chemicals producer operating at the bottom quartile of the lithium cost curve. This new hydroxide plant will be the first of its kind in Japan and will provide Orocobre product diversification suitable for different battery technologies and the potential for significant margin growth on our primary lithium carbonate being converted to battery grade lithium hydroxide.
| ||
|
