Allkem

Last updated

Allkem Limited
FormerlyOrocobre Limited
Company type Subsidiary
Industry Mining
FateMerged with Livent to form Arcadium Lithium in 2024
Headquarters
Brisbane, Australia
Products Lithium Carbonate and Boron
RevenueUSD 769 million (2022)
USD 305 million (2022)
Parent Arcadium Lithium
Website www.allkem.co

Allkem Limited, known as Orocobre Limited until 30 November 2021, [1] is an Argentinian mining company that is a wholly-owned subsidiary of Arcadium Lithium. Headquartered in Buenos Aires, Argentina, Allkem's portfolio includes lithium brine operations in Argentina, a hard-rock lithium operation in Australia and a lithium hydroxide conversion facility in Japan. Allkem is dual listed on the Australian Securities Exchange and Toronto Stock Exchange. In May 2023, Allkem agreed terms to merge with Livent. [2] In January 2024, Allkem and Livent merged to form the NYSE-listed Arcadium Lithium. [3]

Contents

Projects

Salar de Olaroz

The Salar de Olaroz is a salt lake in the province of Jujuy in northwestern Argentina, close to the Chilean border. The project consists of 63,000 hectares of tenements over a salar known to contain high values of lithium and potash in brine. In October 2012, Orocobre and Toyota Tsusho Corporation (TTC) executed a definitive joint venture agreement to develop the Olaroz Lithium Project. Earlier in the year, in June 2012, Orocobre had entered into an agreement with Jujuy Energia y Mineria Sociedad del Estado (JEMSE), a mining investment company owned by the provincial Government of Jujuy, whereby JEMSE will hold an equity interest in the Olaroz project and in return provide assistance during its development.

Results from a definitive feasibility study (DFS) released May 3, 2011 suggest that the Olaroz project has a large resource base of 6.5 million tonnes of lithium carbonate equivalent with a project mine life estimated at 40 years. The design capacity of the Olaroz operation has been increased to 17,500 tonnes per annum (tpa) of battery grade lithium carbonate, from 16,400 tpa originally provided for in the DFS. Expected potash recovery has also been increased to approximately 20,000 tpa compared to 10,000 tpa. Potash operations are not currently included in the immediate project plans or economics at this time, but are said to be considered in future development phases.

Mt Cattlin

The open-pit mine and concentrator is located approximately two kilometres north of Ravensthorpe in the Great Southern region of Western Australia. Operations recommenced at Mt Cattlin in late 2016, producing high-quality spodumene concentrate that is qualified in the lithium supply chain globally.

Mt Cattlin is a low-cost spodumene producer utilising conventional techniques to extract and process the resource.

Naraha

The Naraha Lithium Hydroxide Plant (Naraha), the first of its kind to be built in Japan, is designed to convert primary grade lithium carbonate feedstock into purified battery grade lithium hydroxide. The lithium carbonate feedstock of ~9,500tpa will be shipped from Olaroz.

Allkem has a 75% economic interest in the Toyotsu Lithium Corporation (TLC) joint venture with partner Toyota Tsusho Corporation (TTC) who retains operational control.

Sal de Vida

The tier 1 brine project is located in Catamarca Province on the Salar del Hombre Muerto, ~1,400km northwest of Buenos Aires, Argentina and ~200km from Allkem’s flagship Olaroz Lithium Facility. Catamarca is a proven mining jurisdiction, home to several successful mining operations and development projects.

Sal de Vida is a globally competitive project with superior brine chemistry that readily upgrades to battery grade lithium carbonate.

James Bay

Located in northern Québec, approximately 130 km east of James Bay and the Cree Nation of Eastmain community. Québec is a highly attractive investment destination for lithium production due to its supportive resource development sector, access to skilled labour and its proximity to high-growth electric vehicle markets in North America and Europe.

Allkem is proposing to develop the James Bay Project as a sustainable, hard-rock operation, maximising the usage of renewable energy and utilising spodumene expertise gained from its successful Australian operation, Mt Cattlin.

Cauchari

The Salar de Cauchari lithium-potash resource, owned by South American salar Minerals Pty Ltd, has over 30,000 ha in Jujuy province immediately south of the Olaroz Project. The Cauchari project has similar geo-chemical characteristics to the Olaroz resource and provides a nearby additional brine source for future expansions of the planned Olaroz production facility at relatively low incremental capital cost.

Borax Argentina

Orocobre acquired Borax Argentina S.A. (Borax Argentina), a long established Argentine boron (or borate) minerals and refined chemicals producer, in August 2012 from Rio Tinto. Borax Argentina owns one of only a few important borate deposits globally that are in production.

Borax Argentina operate three open pit mines in Tincalayu, Sijes, and Porvenir located within the Jujuy and Salta Province in Northern Argentina. Borate mining operations have been undertaken in the area for over 50 years with a recent announcement by Ororocbre suggesting a positive outlook for future mining operation with the presence of long-life high quality ore reserves.

Currently, Borax Argentina's operations produce a variety of boron chemical products, including boric acid, borax decahydrate, borax pentahydrate, anhydrous borax and boroglas from concentrates and ulexite minerals carted from the mines and concentrators. In addition, the mine and concentrator at Sijes produce mineral concentrates for direct sale.

On 1 July 2013 Orocobre announced the relocation of the borax chemical plant from its location in Campo Quijano (close to the city of Salta) to the Tincalayu mine site. The relocation of the borax chemical plant is said to have significant financial benefits for the company through a reduction of both operating and logistics cost. The relocation project is said to be completed by the end of June 2014 within a budget cost of US$3.7m.

In December 2022 Allkem Limited completed the sale of Borax Argentina S.A to Golden Wattle Springs Pty Ltd and has acquired the María Victoria lithium tenement from Minera Santa Rita S.R.L.


Related Research Articles

<span class="mw-page-title-main">Lithium</span> Chemical element, symbol Li and atomic number 3

Lithium is a chemical element; it has symbol Li and atomic number 3. It is a soft, silvery-white alkali metal. Under standard conditions, it is the least dense metal and the least dense solid element. Like all alkali metals, lithium is highly reactive and flammable, and must be stored in vacuum, inert atmosphere, or inert liquid such as purified kerosene or mineral oil. It exhibits a metallic luster. It corrodes quickly in air to a dull silvery gray, then black tarnish. It does not occur freely in nature, but occurs mainly as pegmatitic minerals, which were once the main source of lithium. Due to its solubility as an ion, it is present in ocean water and is commonly obtained from brines. Lithium metal is isolated electrolytically from a mixture of lithium chloride and potassium chloride.

<span class="mw-page-title-main">Lithium carbonate</span> Chemical compound

Lithium carbonate is an inorganic compound, the lithium salt of carbonic acid with the formula Li
2
CO
3
. This white salt is widely used in processing metal oxides. It is on the World Health Organization's List of Essential Medicines for its efficacy in the treatment of mood disorders such as bipolar disorder.

<span class="mw-page-title-main">Spodumene</span> Pyroxene, inosilicate mineral rich in lithium

Spodumene is a pyroxene mineral consisting of lithium aluminium inosilicate, LiAl(SiO3)2, and is a commercially important source of lithium. It occurs as colorless to yellowish, purplish, or lilac kunzite (see below), yellowish-green or emerald-green hiddenite, prismatic crystals, often of great size. Single crystals of 14.3 m (47 ft) in size are reported from the Black Hills of South Dakota, United States.

<span class="mw-page-title-main">Jujuy Province</span> Province of Argentina

Jujuy is a province of Argentina, located in the extreme northwest of the country, at the borders with Chile and Bolivia. The only neighboring Argentine province is Salta to the east and south.

<span class="mw-page-title-main">Lithium hydroxide</span> Chemical compound

Lithium hydroxide is an inorganic compound with the formula LiOH. It can exist as anhydrous or hydrated, and both forms are white hygroscopic solids. They are soluble in water and slightly soluble in ethanol. Both are available commercially. While classified as a strong base, lithium hydroxide is the weakest known alkali metal hydroxide.

<span class="mw-page-title-main">Searles Lake</span> Lake in the state of California, United States

Searles Lake is an endorheic dry lake in the Searles Valley of the Mojave Desert, in northwestern San Bernardino County, California. The lake in the past was also called Slate Range Lake and Borax Lake.

<span class="mw-page-title-main">Ravensthorpe, Western Australia</span> Town in Western Australia

Ravensthorpe is a town 541 km south-east of Perth and 40 km inland from the south coast of Western Australia. It is the seat of government of the Shire of Ravensthorpe. At the 2021 census, Ravensthorpe had a population of 2,085.

<span class="mw-page-title-main">Sociedad Química y Minera</span> Chilean chemical company and lithium producer

Sociedad Química y Minera de Chile (SQM) is a Chilean chemical company and a supplier of plant nutrients, iodine, lithium and industrial chemicals. It is the world's biggest lithium producer.

Lithium Corporation of America was a mining company which mined lithium-bearing spodumene and pegmatite ores near Bessemer City, Gaston County, North Carolina, United States and in the Black Hills of South Dakota.

<span class="mw-page-title-main">Greenbushes mine</span> Mine in South West region of Western Australia

The Greenbushes lithium mine is an open-pit mining operation located south of the town of Greenbushes, Western Australia. It is the world's largest hard-rock lithium mine, producing approximately 1.95 million tonnes of lithium spodumene annually. The mine is 250 kilometres south of Perth and 90 kilometres southeast of the Port of Bunbury.

The Mt Cattlin mine is a spodumene-tantalite mine 2.2 kilometres (1.4 mi) north of Ravensthorpe, Western Australia. In 2019 Mt Cattlin had a reserve of 8.2 million tonnes of ore grading 1.29% Li2O and 155 ppm Ta2O5.

<span class="mw-page-title-main">Salar de Olaroz mine</span>

The Salar de Olaroz mine is one of the largest lithium mines in Argentina. The mine is located in northern Argentina in Jujuy Province. The Salar de Olaroz mine has reserves amounting to 619 million tonnes of lithium ore grading 0.2% lithium thus resulting 1.21 million tonnes of lithium.

Galaxy Resources Limited was an Australian public mining company. It was listed on the Australian Securities Exchange until it merged with fellow lithium producer Orocobre in August 2021 to form Allkem.

Bromine production in the United States of 225,000 tonnes in 2013 made that country the second-largest producer of bromine, after Israel. The US supplied 29 percent of world production. Since 2007, all US bromine has been produced by two companies in southern Arkansas, which extract bromine from brine pumped from the Smackover Formation. At an advertised price of US$3.50 to US$3.90 per kg, the US 2013 US production would have a value of roughly US$800 million.

Brine mining is the extraction of useful materials which are naturally dissolved in brine. The brine may be seawater, other surface water, groundwater, or hyper-saline solutions from several industries. It differs from solution mining or in-situ leaching in that those methods inject water or chemicals to dissolve materials which are in a solid state; in brine mining, the materials are already dissolved.

<span class="mw-page-title-main">Lithium mining in Australia</span>

Australia has one of the biggest lithium reserves and is the biggest producer of lithium by weight, with most of its production coming from mines in Western Australia. Most Australian lithium is produced from hard-rock spodumene, in contrast to other major producers like Argentina, Chile and China, which produce it mainly from salt lakes.

<span class="mw-page-title-main">Salar del Hombre Muerto</span>

Salar del Hombre Muerto is a salt pan in Argentina, in the Antofagasta de la Sierra Department on the border between the Salta and Catamarca Provinces. It covers an area of 600 square kilometres (230 sq mi) and is in part covered by debris. During the Pleistocene it was sometimes a lake, but today only parts of the salt pan are covered by perennial water bodies; its major tributary is the Río de los Patos.

<span class="mw-page-title-main">Environmental impacts of lithium-ion batteries</span>

Lithium batteries are primary batteries that use lithium as an anode. This type of battery is also referred to as a lithium-ion battery and is most commonly used for electric vehicles and electronics. The first type of lithium battery was created by the British chemist M. Stanley Whittingham in the early 1970s and used titanium and lithium as the electrodes. Applications for this battery were limited by the high prices of titanium and the unpleasant scent that the reaction produced. Today's lithium-ion battery, modeled after the Whittingham attempt by Akira Yoshino, was first developed in 1985.

Lithium Americas Corp. is a Canadian mining corporation focused on lithium.

The Finnis Lithium Project is a lithium mine situated near Darwin, Northern Territory, Australia. The project is being developed by Core Lithium.

References

  1. "Orocobre Limited has Changed its Name to Allkem Limited | MarketScreener". www.marketscreener.com. 30 November 2021. Retrieved 18 February 2022.
  2. Allkem inks merger with Livent Australian Financial Review 10 May 2023
  3. "Allkem shareholders approve $10.6 billion Livent lithium merger". Reuters (Press release). 18 December 2023.