Sunwoda's subsidiary company to invest in overseas lithium mine
2022-07-18 18:10:35 [Print]
On July 17, Sunwoda announced that one of its joint ventures Zhejiang Jinhengwang Lithium Co., Ltd. plans to invest USD27 million to acquire the Laguna Caro mine project from Argentine lithium mining company GOLDINKA ENERGY S.A.
The target project uses lithium-contained brine to produce lithium carbonate and potassium chloride which are directly or indirectly used as Li-battery raw materials and agricultural fertilizers. It is predicted to contain 500,000-1,000,000t of lithium resources.
Zhejiang Jinhengwang Lithium is a joint venture between Sunwoda, Jinyuan Zhongke and Guizhou Chanfert with a registration capital of RMB350 million (USD51.95 million), and the three companies held a 35%, 51% and 14% stake respectively in the JV.
The target project uses lithium-contained brine to produce lithium carbonate and potassium chloride which are directly or indirectly used as Li-battery raw materials and agricultural fertilizers. It is predicted to contain 500,000-1,000,000t of lithium resources.
Zhejiang Jinhengwang Lithium is a joint venture between Sunwoda, Jinyuan Zhongke and Guizhou Chanfert with a registration capital of RMB350 million (USD51.95 million), and the three companies held a 35%, 51% and 14% stake respectively in the JV.
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Unit:USD/kg
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Unit: %
