Based on the approval of acceptance, Mt Marion Lithium project to begin production in March 2011. Mineral Resources has submitted a notification to launch operations to Reed Resources Ltd. Mt Marion Lithium Project will initially produce 200,000 tpa spodumene concentrates. It is estimated that this production will make the Mt Marion became the second largest project in the world’s lithium mines operation. Joint Venture has been expanded to include mica, tantalum and potassium feldspars; testwork has highlighted the potential to recover significant volumes of this by-product.
Development of mining exploration projects being conducted by the Nevade government and lithium mining companies. Lithium mine expansion and development is expected to lift the economic development around the mining area. One of the areas are targeted by lithium mine development is Esmeralda County. This area has the potential to be explored lithium mine in sufficient quantity lots. Chemetall Foote is one of the mine operator who has conducted exploration in the Silver Peak mine lithium. Nevada project is part of the expansion of U.S. $ 56,800,000 by Chemetall Foote’s parent company, Rockwood Holdings Inc.
AmeriLithium is pleased to announce it has recently executed a definitive agreement thereby acquiring a 100% NRI (Net Revenue Interest) in the assets of the Wagin Salt Lakes Property in Wagin, Western Australia. AmeriLithium’s Australian plays sit upon a vast area of lithium rich land located in the state of Western Australia. Spread over 43,000+ Acres, The Wagin Salt Lakes property is made up of 3 projects being, Bare Rock Project, Nomans Lake Project and the Hoffmans Hill Project. The three projects lie within the South West Mineral Field, an area identified as being rich in brine deposits and a key site for global lithium extraction.
Bolivian President Evo Morales, ceding to pressure from leaders in the southwestern province of Potosi, backed down from a plan to create a state-owned company to extract lithium reserves from the Uyuni Salt Flats.
In an interview Sunday with state television, Mining Minister Jose Pimentel said the government decided to repeal a decree creating Empresa Boliviana de Recursos Evaporiticos, or EBRE.
The decision came after the Potosi civic committee threatened to stage strikes and set up roadblocks if the decree was not rescinded before Tuesday.
That organization said authorities founded the La Paz-based company without consulting the region or taking into account that Uyuni is located in Potosi.
