AMG Critical Materials N.V.
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Publicatie datum
20 jul 2016 - 07:10
Statutaire naam
AMG Critical Materials N.V.
Titel
AMG Advanced Metallurgical Group N.V. Approves Lithium Project
Bericht
Key Highlights
AMG's Supervisory Board approves project to construct a lithium concentrate (spodumene) plant at the Mibra mine in Brazil, with an initial annual production of 90,000 tons, expandable to 140,000 tons
Production is expected to commence in the first quarter of 2018 and capital investment is estimated at approximately $50 million
AMG expects to be the low cost producer of lithium concentrate globally
Pre-feasibility study for the construction of a lithium chemical plant, with targeted annual production of between 14,000 tons and 20,000 tons lithium carbonate equivalent (LCE), will be completed in the fourth quarter 2016
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