Talison Lithium Limited has selected the Kwinana Industrial Area in Western Australia as the location for its proposed plant to convert lithium minerals into lithium carbonate ("Minerals Conversion Plant").
The Kwinana Industrial Area is located approximately 40km south of Perth and 200km north-east of the Greenbushes Lithium Operations. It is one of the largest dedicated industrial areas in Western Australia and comprises a range of industries including fabrication and construction facilities, power stations, waste water plants, chemical manufacturers and alumina, nickel and oil refineries.
Talison selected the Kwinana Industrial Area as its preferred location for the Minerals Conversion Plant due to the synergies between the lithium carbonate plant and the surrounding industries; the proximity to water, reagents and energy supply; access to skilled labour; potential customers for by-products located in the vicinity; and close location to Fremantle Port for container exports.
Since most of Talison's 300 plus customers are from the mainland of China, the port proximity becomes crucial for timely shipments.
Talison is the worlds largest "pure" lithium supplier, only overshadowed by SQM of Chile which produces lithium from Brine as a byproduct of it's massive potash operations there.
Talison and Mitsui sign Memorandum of Understanding
Talison and Mitsui & Co., Ltd ("Mitsui"), a leading Japanese trading firm with significant involvement in the lithium-ion battery market, have entered into a Memorandum of Understanding to discuss on a non-exclusive basis collaborative marketing and distribution opportunities in Japan for lithium carbonate produced by Talison at its Minerals Conversion Plant.
Japan is one of the world's largest markets for lithium-ion batteries and lithium chemicals, and there are potential opportunities for Talison and Mitsui to work together to provide an additional secure supply of lithium chemicals to customers in this market. The Memorandum of Understanding provides a framework for Talison and Mitsui to discuss collaboration opportunities on a non-binding basis and is valid for an initial period of 12 months.
Financial Results Release February
Talison will release its financial results for the fiscal second quarter 2012 before market open on Monday, February 13, 2012. An investor conference call will be held at 8:30 a.m. EST.
- Lithium (retirefunds.blogspot.com)
- Talison Lithium Q2 (retirefunds.blogspot.com)
- Talison Lithium and Sojitz Sign Memorandum of Understanding to market lithium carbonate in Japan. (retirefunds.blogspot.com)
- Top producer Talison Lithium Concludes First Sales Contracts for 2012 with 15% Price Increase (retirefunds.blogspot.com)
Disclosure: I am long OTC:TLTHF.