Galaxy Resources Limited - Receives Construction Permit For Jiangsu Lithium Carbonate Plant
04.06.2010 | ABN Newswire
10:44 AEST June 4, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Emerging lithium producer, Galaxy Resources Limited (ASX: GXY) (PINK: GALXF) is pleased to advise that it has received the Construction Permit for the Jiangsu Lithium Carbonate Plant from the Zhangjiagang (ZJG) authorities.
The permit was granted by the Jiangsu Province Administration Bureau for Industry and Commerce and represents the final key milestone of the approvals process for the Company's lithium carbonate project.
Galaxy Resources Managing Director, Mr Iggy Tan said the approvals process did not delay work on the project as the Company was granted permission from the ZJG authorities to commence bulk earthworks, roadworks, plant foundation piling, site utilities and concrete padding.
'There is still site preparatory work to complete before full construction activity commences on site,' Mr Tan said.
'Our excellent relationship with the Zhangjiagang authorities and the project approval management expertise of Hatch China are some of the key reasons for the timely issue of the Construction Permit.'
For the complete Galaxy Resources announcement including figures, please view the following link:
http://www.abnnewswire.net/media/en/docs/63020-ASX-GXY-493409.pdf
About Galaxy Resources Limited:
Galaxy Resources (ASX: GXY) is an emerging mining and chemical company focusing on lithium and tantalum production. Galaxy is at an advanced stage of developing its Mt Cattlin Lithium Project (hard rock spodumene) in Ravensthorpe, Western Australia. The Project encompasses a mine and minerals plant which will produce 137,000 tpa of 6% Li2O spodumene concentrate. Galaxy intends to add value to the Mt Cattlin Project by establishing its own downstream lithium processing facilities in China.
The Company is finalising plans to establish a lithium carbonate chemical facility in Jiangsu Province, producing 17,000 tpa of lithium carbonate.
Contact:
Iggy Tan
Managing Director
Galaxy Resources Limited
Tel: +61-8-9215-1700
Mob: +61-419-046-397
www.galaxyresources.com.au