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Orocobre Qtrly Production 3,300 Tonnes Up 31% At Olaroz Lithium Facility
Orocobre Says Production For June Qtr Was 3,300 Tonnes Of Lithium Carbonate
Orocobre Announces Proposed A$4 Bln Merger With Galaxy Resources
Orocobre Limited is a global lithium carbonate supplier and a producer of boron. The Company is primarily focused on operating lithium business and developing lithium deposits in Argentina. It has three reportable segments: Corporate, the Olaroz project and Borax. Its Olaroz Lithium Facility is located in the Puna region of Jujuy Province in northern Argentina, over 230 kilometers northwest of the capital city of Jujuy. Borax Argentina operates its open-pit mines in Tincalayu and Sijes. Borax Argentina produces products, including minerals, such as ulexite, colemanite and hydroboracite; refined products, such as borax decahydrate, borax pentahydrate and borax anhydrous. Boron chemicals and mineral products are used in applications such as ceramic and glass manufacturing, insulation and fertilizer manufacturing. The Company's interests include its Olaroz Lithium Facility in Northern Argentina and Borax Argentina, a boron minerals and refined chemicals producer.
Riparian Plaza, L 35 71 Eagle St
Martin Perez de Solay
Chief Executive Officer, Managing Director, Executive Director
Fernando Oris de Roa
Non-Executive Independent Deputy Chairman of the Board
Chief Financial Officer, Joint Company Secretary
General Counsel, Joint Company Secretary and Corporate Development Manager
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Australian lithium producer Orocobre Ltd on Wednesday posted a 10% jump in annual revenue, boosted by higher demand from electric vehicle makers, and said it had completed a $1.4 billion merger with Galaxy Resources.
Australian lithium miner Orocobre Ltd is buying smaller domestic peer Galaxy Resources for $1.4 billion to create the world's fifth most valuable producer of the key raw material for electric vehicle batteries.
Australian-listed lithium miners are preparing for better times ahead, filings showed this week, as they outlined expansion plans in the wake of soaring prices for the raw material used in electric vehicle batteries.
Australia's Orocobre Ltd said on Thursday that lithium prices have likely bottomed out, as it reported a 24% drop in quarterly production at its flagship Olaroz mine in Argentina, hit by coronavirus-related operational restrictions.
Orocobre Ltd said on Thursday quarterly production fell 27% at its flagship Olaroz mine, and the Australian lithium miner brought forward a planned maintenance for the Argentinian project due to a spike in COVID-19 cases at nearby operations.
Australia's Orocobre Ltd <ORE.AX> on Thursday warned sales volume of lithium carbonate would more than halve in the June quarter from its flagship Olaroz mine, and brought forward its scheduled maintenance period for the Argentinian project.
Australia's Orocobre Ltd on Thursday warned of a nearly 53% drop in sales volume of lithium carbonate in the June quarter from its flagship Olaroz mine, hurt by restrictions amid the coronavirus pandemic.
Australia's Orocobre Ltd warned on Wednesday that a downturn in U.S. and European car markets due to the coronavirus pandemic and ensuing factory shutdowns could hit lithium demand until early to mid-2021.
Australia's Orocobre Ltd on Wednesday reported an 11% drop in quarterly production from its flagship Olaroz lithium project in Argentina following shutdowns and warned of an impact to battery supply chains outside of China for up to six months.
* OLAROZ LITHIUM FACILITY (OLAROZ) HAS MOVED OPERATIONS TO CARE AND MAINTENANCE
Australia's Orocobre Ltd <ORE.AX> on Thursday flagged a weaker lithium market for the first half of 2020 and said it had cut costs at its flagship Olaroz lithium project in Argentina to tackle waning demand in the market.
Australia's Orocobre Ltd on Thursday posted a 5% fall in quarterly production at its flagship Olaroz Lithium project in Argentina as demand from China, the world's biggest electric vehicle market, remained soft.
Australia's Orocobre Ltd said on Monday that two contracts were signed for the supply of battery grade lithium carbonate to Chinese cathode manufacturers from its flagship Olaroz Lithium project.
Australia's Orocobre Ltd on Friday said it finalised a $180 million debt facility for the stage-2 expansion of its flagship Olaroz Lithium project in Argentina.
Australian miner Orocobre Ltd <ORE.AX> on Thursday said it has agreed to invest C$1.5 million ($1.1 million) in Advantage Lithium Corp <AAL.V> through a private placement by the Canadian firm.
Lithium producer Orocobre Ltd expects prices for the white metal used to make electric vehicle batteries to remain volatile for the short term, a step likely to make financing difficult for new industry projects, its chief executive said on Tuesday.
Shares in lithium producers worldwide tumbled on Thursday after Orocobre Ltd said prices for lithium carbonate had sunk more sharply than analysts had expected in the quarter, and warned it did not see a recovery in the short term.
Shares in Orocobre Ltd tumbled on Thursday, dragging on other lithium producers, after it said prices it received for its lithium carbonate sank sharply this quarter, and that it did not see prospects for a strong rebound early next year. Orocobre will receive an average...
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