Talison Lithium and Global Advanced Metals (GAM) have settled a mining rights dispute over the proposed expansion of the Greenbushes mining area in Western Australia.
GAM, which holds non-lithium mineral rights in the Greenbushes region and receives tantalum from the extraction process, argued that Talison’s lithium production plans could come at the expense of its mineral access in the area.
Though the full terms of the settlement between the two companies is confidential, Talison has confirmed that part of the agreement includes the delivery of a new tantalum recovery circuit to GAM. GAM stated that agreement would allow the company to significantly expand its tantalum concentrate processing.
“GAM and Talison have a long established and very good working relationship at Greenbushes, and we are pleased that we have reached an agreement,” said GAM chief executive officer Andrew O’Donovan.
“The Greenbushes mine plays a vital role in GAM’s supply of responsibly and ethically sourced tantalum, for use in capacitors, semiconductors, engine turbine blades, chemical processing equipment, medical implant and other critical applications.”
Talison Lithium CEO Lorry Mignacca said that he was pleased the matter had been resolved.
“Our sole focus now is to expand the Greenbushes lithium operation, which is creating hundreds of new jobs, and building on the success of this significant contributor to the West Australian economy,” Mignacca said
The Greenbushes expansion is expected to cost around $520 million and will add an estimated 520,000 tonnes a year of capacity to the project’s annual lithium concentrate production.
Talison is a joint venture product between Chinese majority owner Tianqi Lithium (51 per cent) and Albemarle Corp.