Zijin Mining's First Lithium Mine Project Opens Up Lithium Carbonate Optimization Process
A few days ago, Zijin Mining announced that the company's first lithium mine project, Lithium Industry Kesi, has successfully opened up the lithium carbonate optimization process, transformed the original pilot system, and successfully produced 20 kilograms of qualified lithium carbonate products.
Argentine 3Q project construction provides technical support, and also provides samples for future product sales.
It is understood that Lithium Cosi has achieved many achievements in process optimization through continuous innovation, greatly saving raw material consumption, investment and operating costs, and effectively improving production efficiency.
At the same time, research on technical topics such as accelerated brine evaporation, comprehensive recovery of mother liquor, and comprehensive utilization of waste salt and waste residues are also being carried out.
Since 2021, Zijin Mining has deeply implemented the "dual carbon" goal, seized the major strategic opportunities for the transformation and upgrading of global clean energy, and accelerated the deployment of new energy minerals such as lithium.
Mine exploration, Tibet Lagocuo Salt Lake Lithium Mine, Hunan Daoxian Xiangyuan Lithium Mine and other projects mergers and acquisitions.
In October last year, Zijin Mining invested 4.939 billion yuan in cash to acquire Canada New Lithium Company.
The core asset of New Lithium Company is the Tres Quebradas Salar ("3Q") Salt Lake Project in Catamarca Province, northwestern Argentina.
The acquisition was completed in January this year.
Argentina 3Q Salt Lake Lithium Mine is located in the famous "Lithium Triangle" in South America. It is one of the world's best lithium salt lake resources.
Its volume ranks top 5 among the world's major salt lakes, and its grade ranks among the top 3 among the world's major salt lakes.
The total resource of lithium carbonate equivalent of the project is about 7.63 million tons, of which the first phase is planned to produce 20,000 tons of battery-grade lithium carbonate per year, and it is expected to be completed and put into operation by the end of 2023.
In January this year, Zijin Mining and Congo (DRC) National Mining Company established a joint venture, officially launching Zijin Mining's first lithium exploration project.
The exploration project is located at the periphery of the Manono Lithium Mine in Congo, the world's largest hard rock type lithium mine, with huge prospecting potential.
In April of this year, Zijin Mining planned to invest in the acquisition of four asset packages under Dunan Group.
The total price of the underlying assets of the transaction was 7.682 billion yuan, of which the core underlying asset was 100% equity of Jinshi Mining at a price of 4.897 billion yuan.
Jinshi Mining holds a 70% stake in Tibet Ali Laguo Resources Company, which owns the Lagocuo Salt Lake Lithium Mine Project in Ligaize County, Tibet.
After the acquisition is completed, Zijin Mining's equity-owned lithium carbonate resources will reach 9.13 million tons.
In June this year, Zijin Mining planned to invest about 1.8 billion yuan to acquire a 71.14% stake in Houdao Mining. Houdao Mining holds 100% of the mining rights of Xiangyuan Lithium Polymetallic Mine.
Xiangyuan Lithium Polymetallic Mine is a large-scale, low-grade hard rock lithium mine that is scarce in China.
Its resources are ranked 13th in the world and 3rd in China.
It mainly contains 870,000 tons of lithium oxide, which is equivalent to carbonic acid. Lithium resources are 2.16 million tons.
Zijin Mining said that according to the company's preliminary plan, the mine plans to use large-scale open-pit mining.
The preliminary plan is to build the mine at a scale of 10 million tons per year, with an annual output of 60,000 to 70,000 tons of lepidolite containing lithium carbonate equivalent. Lithium hydroxide smelting project.
According to the statistics of securities institutions, up to now, Zijin Mining has more than 10 million tons of lithium carbonate equivalent resources.
The company expects to form an annual production capacity of 50,000 tons of lithium carbonate (LCE) in 2025, and plans to have an annual production capacity of 150,000 tons of lithium carbonate equivalent in the long-term.
Above, the company's lithium resources and production are expected to enter the top 10 in the world and the top 3 in China.