Wednesday, October 26, 2022

Lithium: Imerys will exploit lithium mine in France

 World leader in industrial minerals Imerys announced monday 24 october that in the french town of Echassières, writes Le Monde



You can share an article by clicking on the share icons at the top right of it.
The total or partial reproduction of an article, without the prior written authorization of Le Monde, is strictly forbidden.
For more information, see our Terms and Conditions.
For all authorization requests, contact droitsdauteur@lemonde.fr.

https://www.lemonde.fr/en/economy/article/2022/10/24/first-lithium-mining-project-launched-in-france_6001570_19.html

On Monday, October 24, the Imerys group, the world leader in industrial specialty minerals, announced the launch of a major lithium mining project in Echassières (central France). Since the end of the 19th century, this open-pit mine – named "de Beauvoir" after the former operating company and located on the edge of the Colettes forest on the border between the Allier and Puy-de-Dôme departments – has produced 25,000 to 30,000 tons of kaolin for ceramics every year.

Studies and core sampling predict the presence at a great depth of high concentrations of lithium hydroxide, a total of 1 million tonnes containing between 0.9% and 1% of oxide, confirming the estimates of the French Geological and Mining Research Bureau (BRGM). This deposit will enable 34,000 tons to be extracted over 25 years, making Imerys a leading supplier to the European market, with a capacity to equip 700,000 vehicles per year with lithium-ion batteries.

In addition to the studies already carried out for €30 million, the project will require a minimum investment of €1 billion, based on an estimated lithium production cost of €7-9 euros/kilo. Imerys considers this "very competitive, particularly on the European market, and sufficient to guarantee a return on investment in line with group guidelines."


You can read the rest of the post via the below link:


https://www.lemonde.fr/en/economy/article/2022/10/24/first-lithium-mining-project-launched-in-france_6001570_19.html

No comments:

Post a Comment