SMM5, Feb. 7 / PRNewswire-FirstCall-Asianet / Australia's Kidman Resources Lithium Miner said Friday it will work with Chilean joint venture partner SQM Lithium in the Kwinana region of Western Australia to develop a lithium processing plant.
In a filing with the Australian Stock Exchange, Kidman Resources said the full name of the joint venture was "Western Australian Lithium Industry".
A formal investment decision is expected by the end of the year after the company completes the final feasibility study for its project, but the exact amount of investment has not yet been disclosed.
The planned capacity of Western Australia lithium batteries is about 44000 tons of lithium hydroxide or 37000 tons of lithium carbonate. Construction of the plant is expected to begin next year and will be officially put into production in 2021.
The Kwinana region will soon become a hotbed for global battery chemical manufacturers. The Western Australian government has also welcomed the project and has allocated about $4.1 million to fund battery technology development in the state.
In addition, the world's largest lithium processing plant, operated by China's Tianqi lithium industry, is expected to go into production later next year, with a capacity of about 48000 tons per year of high-grade lithium hydroxide.
Cao Yuuqin, (SMM) of Shanghai Colored net, translated from http://www.mining.com/web/australian-lithium-miner-chiles-sqm-choose-site-new-plant-west-australia/