Orocobre Ltd. has revised
its Q3 2015 forecasts for lithium carbonate production at its
Olaroz project in Argentina down to 1,100 tonnes, from 1,200 tonnes previously.
The ASX-listed company has been working on
resolving a number of bottlenecks in production, including one
issue relating to the cooling system in the purification
circuit, which is not expected to be resolved until the final
quarter of the year.
In its most recent quarterly report,
Orocobre announced that it produced 126 tonnes lithium
carbonate product during the three months to the end of June
2015 at the Olaroz lithium
facility, in which it owns a 66% interest.
Completion of debottlenecking work and an
increase in quantities of concentrated brine from September
onwards are expected to lead to growth in production volumes in
Q4, the company said.
Receipts for the quarter stood at
Australian dollar (A$) 8.4m ($6.12m). However, high
administrative and production costs left Orocobre with a net
operating cash flow of A$2.9m ($2.11m).
Fellow Australian miner, European
Metal Holdings Ltd, has announced that processing of a
bulk sample collected from the Cinovec lithium-tin-tungsten
project in the Czech Republic has begun in Freiburg,
The sample will subsequently be used in
lithium mini-plant testing at Strategic
Metallurgy’s facility in Perth, Australia to
produce lithium carbonate and by-products.
The company expects formal approval to
drill the planned programme at Cinovec from Czech authorities
within a month.
TSX-V-listed Dajin Resources
Ltd. completed a 550 station gravity survey at its
Alkali Lake lithium project in Esmerelda Country in Nevada,
Surface sampling earlier this year at the
property – which consists of 138 placer claims over an
area of 1,138ha (11.38km2) – confirmed the
presence of near-surface lithium
The results of the gravity survey will be
processed to create a 3D image of the basin in order to define
its depth and volume, parameters, which need to be established
before proceeding with further exploration.
Canadian explorer, Western Lithium
USA Corp. has closed a
private placement of subscription receipts to an affiliate of
the Thai energy company, Bankchak Petroleum Public Co.
Bangchak was issued 9,214m subscription
receipts at a price of $0.54
each, for total proceeds of $5m.
TSX-V-listed Lithium Americas
Corp., has extended a cooperation agreement with South
Korean technology firm POSCO through to September this
agreement, which was originally signed in January 2014, has
thus far provided a commercial platform for the companies to
build a lithium extraction demonstration plant at the
Cauchari-Olaroz salar in Jujuy, Argentina.
extension has been granted to allow for the completion of work
on a potassium demonstration plant and to continue discussions
relating to a commercial scale lithium and potassium plant at
JB Straubel, chief technology officer of
US-based automotive and energy storage company, Tesla
Motors Inc., has predicted that improvements in energy
density and grid storage technologies will make it cheaper to
drive electric vehicles (EVs) than traditional petrol-based
Speaking at the Inter Solar North America
conference in San Francisco earlier this month, Straubel
predicted an "amazing tipping point" would occur in this regard
"certainly within the next 10 years".
French designer and manufacturer of
advanced technology batteries for industry, Saft Groupe
SA, has received orders of €20m ($22.1m*) from
Reliance Jio Infocomm Limited (RJIL), India’s only
nationwide 4G long term evolution (LTE) operator.
Saft will supply is 'Evolion’
lithium-ion (Li-ion) battery systems to RJIL’s
Base Transceiver Station (BTS) sites to support
India’s ongoing 4G/LTE roll-out programme.
Voltabox of Texas Inc.,
the US subsidiary of German automotive supplier paragon
AG, has officially opened a new Li-ion battery pack
production plant in Leander, near Austin, Texas.
The site will mass-produce the
company’s batteries on fully-automated assembly
lines for sale in the US market.
In medical news, a study by the
Buck Institute for Research on Aging,
published in Brain Research, found that low
dosages of lithium may be used to counter side effects of the
medication most commonly used to treat Parkinson's disease
In a study using mice, low dosages of
lithium were found to reduce the prominence of abnormal
involuntary movements (AIMS), which are long term side effects
associated with the use of 'Carbidopa/Levodopa’
– a drug used to boost levels of the neurotransmitter
dopamine, which is low in Parkinson's patients.
Finally, energy storage technology
development company, BioSolar, Inc. has
suggested that its 'Super Battery’ technology
– currently under development – could
significantly lower the cost of onsite energy storage
It pointed to a report by GTM
Research and the Energy Storage Association which
predicted that the energy storage market in the United States
will triple in 2015.
It is currently working on a technology to
double the storage capacity, lower the cost and extend the life
of Li-ion batteries.
*Conversions made July 2015