Lithium Message Board - Msg: 25967708

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Gold/Mining/Energy : Lithium

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From: Condor	9/24/2009 7:46:25 AM
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Orocobre Plans to Start Lithium Output in Argentina (Update1) Share \| Email \| Print \| A A A By Matthew Craze Sept. 23 (Bloomberg) -- Orocobre Ltd., an Australian mineral exploration company, plans to start lithium and potash production in Argentina by 2011, the government said. Orocobre will spend more than 400 million pesos ($104 million) to mine lithium from salt flats in Argentina’s northwest Jujuy province, the South American country’s Mining Secretariat said today in an e-mailed statement. The Olaroz deposit may produce 35,000 metric tons a year starting in 2011, unidentified Orocobre executives told Argentina’s Mining Secretary Jorge Mayoral in a meeting in Buenos Aires today, the secretariat said. Brisbane, Australia-based Orocobre will compete with Philadelphia-based FMC Corp. and Chile’s Sociedad Quimica y Minera de Chile SA to supply lithium carbonate used in batteries to power electrical appliances. To contact the reporter on this story: Matthew Craze in Santiago at mcraze@bloomberg.net. Last Updated: September 23, 2009 14:26 EDT

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