The 4.5 billion plus-yard lithium extraction project from the Argentine Salt Lake of Mount Qomolangma in Tibet is expected to complete construction and trial production this year.

Two months after the Argentine lithium carbonate project with an annual production capacity of 50, 000 tons was announced, on the evening of February 21, Mount Qomolangma (600338) in Tibet issued two more announcements on the construction of the project.

In order to realize the development of the construction project of extracting lithium from lithium carbonate salt lake of Argentine Lithium potassium Co., Ltd., which is indirectly controlled by the company as soon as possible, with a view to producing qualified lithium salt products as soon as possible, and seizing market opportunities, Mount Qomolangma in Tibet cooperates with China Electric Power Construction International in the design, procurement and construction of the project mine construction (EPC). And signed "Argentina Lithium potassium Co., Ltd. annual output of 50, 000 tons of lithium carbonate lake lithium extraction construction project mine construction design, procurement and construction (EPC) framework agreement".

According to the current feasibility study report provided by China Power Construction International, the investment in the project is about 360 million US dollars (2.28 billion yuan).

Qomolangma, Tibet, said that this cooperation is based on China Electric Power Construction International's professional capacity in the field of engineering construction, meets the needs of the company to develop overseas lithium salt lakes, and will promote the overall development progress of the salt lake lithium extraction project. The overall development goal of ensuring that the construction of the project will be completed and put into trial production by 2022.

Meanwhile, on February 18th, The ninth (interim) meeting of the eighth board of directors of Mount Qomolangma in Tibet examined and approved the proposal to sign with Xi'an Lanxiao Science and Technology New Materials Co., Ltd. the contract for the supply of equipment for the adsorption Section of the Lithium Carbonate Lithium extraction Project of Argentina Lithium potassium Co., Ltd. 25000 tons / year Lithium Carbonate scale Brine Lithium extraction Project "and" about the proposed and enlightening Qingyuan (Shanghai) New Materials Science and Technology Limited company to sign < Argentina Lithium potassium Co., Ltd. annual output of 50,000 tons of lithium carbonate salt lake lithium extraction construction project equipment, Motion of Cooperation Agreement on Operation and Technical Services.

Mount Qomolangma in Tibet and Xi'an Lanxiao Science and Technology New Materials Co., Ltd. (hereinafter referred to as "Lanxiao Science and Technology") to sign the "Argentine Lithium potassium Co., Ltd. annual output of 50, 000 tons of lithium carbonate salt lake lithium extraction construction project 25000 tons / year lithium carbonate scale brine lithium extraction project adsorption section equipment supply contract", the total contract price is RMB (the same below) 650 million yuan. According to the schedule, Lanxiao Technology will complete the delivery of 10,000 tons of lithium carbonate scale brine lithium extraction adsorption equipment by May 31, 2022, 15000 tons of lithium carbonate scale brine lithium extraction adsorption equipment and 10,000 tons of lithium carbonate scale brine lithium extraction adsorbents by July 31, and 15000 tons of lithium carbonate scale brine lithium extraction adsorbents by September 30. the time to complete the filling is December 20, 2022. The performance assessment will be completed on February 20, 2023.

Tibet Qomolangma plans to enlighten Qingyuan (Shanghai) New Materials Technology Co., Ltd. (hereinafter referred to as "enlightening Qingyuan") signed the "Argentine Lithium potassium Co., Ltd. annual output of 50,000 tons of lithium carbonate lithium salt lake lithium extraction project equipment, operation, technical service cooperation agreement" (hereinafter referred to as "Enlightenment BOT contract"), with a total contract price of 1.6 billion yuan. According to the contents of the agreement, enlightening Qingyuan will provide complete sets of equipment for membrane separation and crystallization evaporation, build technical guidance, operate and maintain the project in accordance with the terms and conditions, and recover the investment by collecting the equipment by stages and collecting salt lake product treatment fees. and obtain reasonable income, the franchise will be handed over to Party A free of charge at the expiration of the franchise period. The cooperative operation period is 15 years (including 3-year BOT period (excluding construction time) and 12-year entrusted cooperative operation period, that is, from the beginning of the cooperative operation period stipulated in the contract to the last working day of 15 years.