Pilbara Minerals has granted a works contract to SIMPEC for stage one improvements at the Pilgangoora lithium-tantalum project in Western Australia.
Lithium prices are showing promise of breaking a downward spell that has spanned almost three year after rising for the first time this year, according to Benchmark Mineral Intelligence.
Pilbara Minerals has reached record December quarter shipments at the Pilgangoora lithium-tantalum project in Western Australia while flagging a rebound in the lithium market.
Pilbara Minerals has secured a conditional agreement to acquire Altura Mining’s lithium operations, including the Pilgangoora site that neighbours its own flagship mine in Western Australia.
Altura Mining has folded under the pressure of the struggling lithium market, with the company set to start a sale process as its Pilgangoora operation in Western Australia is placed on care and maintenance.
Pilbara Minerals has recorded improvements to production, sales, and plant run-time and utilisation at the Pilgangoora lithium-tantalum project in Western Australia.
Civmec has commenced a legal proceeding against Altura Mining to recover payment for works that were undertaken two years ago at the Pilgangoora lithium project in Western Australia.
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.
Pilbara Minerals has reported improved financial performance towards the end of 2019, despite being impacted by difficult lithium market conditions.
Altura Mining has set a record 24,500 wet metric tonnes of lithium concentrate for offtake partner Ganfeng Lithium in China.
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 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.
Altura Mining is set to significantly expand its existing tenement holding in the Pilbara, Western Australia through investing in the exploration portfolio of emerging lithium miner Sayona Mining.
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.
Altura Mining is set to receive a $22.4 million boost from China-based shareholder Ningbo Shanshan to advance its lithium project in Pilgangoora, Western Australia.
Altura Mining has reported a strong increase in its quarterly sales from the Pilgangoora lithium operation in Western Australia, culminating in a record shipment for the company.
Pilbara Minerals has achieved record production at its Pilgangoora lithium-tantalum project in Western Australia during May with its stage one plant capacity reaching 85 per cent.
Altura Mining has steadily increased production at its Pilgangoora lithium mine in Western Australia following commissioning of the site during the March quarter.