Pilbara Minerals is set to receive $US110 million in financing, positioning it to capitalise on the growing demand for raw lithium materials.
Pilbara Minerals believes it is in good stead for a market recovery after the Pilgangoora lithium project in Western Australia faced no material operational impact from coronavirus in the March quarter.
Pilbara Minerals has carried out its production moderation strategy amid the coronavirus pandemic, finishing the March quarter with $108.2 million in cash.
Pilbara Minerals has locked in a five-year offtake agreement with Yibin Tianyi to supply spodumene concentrate from the Pilgangoora lithium-tantalum project in Western Australia.
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Pilbara Minerals has reported improved financial performance towards the end of 2019, despite being impacted by difficult lithium market conditions.
Pilbara Minerals has seen its lithia recovery range increase to 63–67 per cent during the December quarter at the Pilgangoora lithium-tantalum project in Western Australia.
The BMW Group has signed a contract with Ganfeng Lithium to receive its supply for the battery-making ingredient from Australian mines.
Pilbara Minerals is taking a wary approach to its plan for stage two and three expansion projects at the Pilgangoora lithium-tantalum project in Western Australia.
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Pilbara Minerals is enjoying continued improvement to the performance of its Pilgangoora lithium-tantalum project’s processing facilities, thanks to recent plant modifications.
Pilbara Minerals has resumed operations following a serious incident at the Pilgangoora lithium-tantalum project in Western Australia on Monday.
Pilbara Minerals has advised that a fatality has occurred as a result of an incident unrelated to mining operations at its Pilgangoora lithium-tantalum operation in Western Australia.
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Pilbara Minerals has adopted a moderation strategy at its Pilgangoora lithium-tantalum project in Western Australia in the midst of market challenges.
Pilbara Minerals has welcomed a $20 million investment by China’s largest electric vehicle manufacturer, Contemporary Amperex Technology.
Pilbara Minerals plans to sell an 8.5 per cent stake in the company to China’s largest electric vehicle (EV) manufacturer despite a slowdown in lithium’s largest market.
Pilbara Minerals has finalised its agreement with POSCO to proceed with the development of a 40,000 tonnes a year conversion facility in South Korea by the end of this year.
Chinese market conditions in the spodumene industry are set to moderate Pilbara Minerals’ production at the Pilgangoora project in Western Australia in the coming months.
Mining and energy contractor Primero Group has increased its forecast revenue for the 2019 fiscal year by around 80 per cent year on year thanks to a spate of contract wins.