Tianqi has informed the Hong Kong stock Exchange that their board has approved the planned expansion of lithium production at the Greenbushes mine in Western Australia, the world’s largest hard rock lithium mine, amid growing demand for new energy batteries.
Tianqi said the $382 million (AUD) expansion would increase production capacity at Greenbushes lithium mine to 1.8 million tonnes of chemical grade lithium concentrate (LCE) by 2021.
The project will include building a new lithium concentrate plant able to produce 520,000 tonnes of chemical grade lithium concentrate a year, a new crushing plant and related infrastructure, it said in a statement.
Overall the expansion is expected to boost lithium concentrate production capacity at the Greenbushes mine to around 260,000 tonnes pa of lithium carbonate equivalent (LCE), it said.
Work is expected to begin in Q1 2019. Commissioning of the new plant is scheduled to start in the fourth quarter of 2020, with a second plant possibly commissioned in 2020. The infrastructure would have the capacity to accommodate another plant of similar size, Talison said.
Talison, owned 51 percent by Tianqi and 49 percent by Albemarle, holds the lithium rights.
#Tianqi gives green light to major expansion at Worlds largest hard rock #lithium mine
Tianqi informed the Hong Kong stock Exchange that their board has approved the planned expansion of lithium production at the #Greenbushes mine in Western Australia https://t.co/5eKCnFv1kU pic.twitter.com/OAW92oQONF
— Lithium WA (@LithiumWa) July 26, 2018
— Cecilia Jamasmie (@CeciliaJamasmie) July 25, 2018