As reported in Chinese media, a new method for extracting lithium in a greener and more efficient way has passed China's state-level appraisal, paving way for its commercialisation to boost the new energy sector.
Australian lithium developer Pilbara Minerals Limited announced that construction and power distribution at its its flagship 100%-owned Pilgangoora Lithium-Tantalum Project in WA is largely complete, allowing commissioning to begin and first concentrate production to take place by the end of June 2018.
Rio Tinto and Minmetals have formalised a Joint Venture Contract to establish a 50:50 joint venture to explore for world-class mineral deposits in China. It follows a Technical Collaboration Contract signed in November 2017 when both companies committed to a collaborative partnership in mineral exploration.
Lion One Metals has secured a US$40 million debt facility with Chinese companies Sinosteel Equipment & Engineering and Baiyin International Investment.