13/11/2009 - 12:11

Environmental nod for Galaxy plant

13/11/2009 - 12:11

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Galaxy Resources has received environmental approval for its Jiangsu lithium carbonate plant in China, which is expected to have a small environmental footprint.

Galaxy Resources has received environmental approval for its Jiangsu lithium carbonate plant in China, which is expected to have a small environmental footprint.

The receipt of the approval, from the Jiangsu Province Environmental Bureau, paves the way for Galaxy to obtain full project approval.

"The progress with project approvals for the Jiangsu plant means that the Company is on track to achieve first production of lithium carbonate in Q4 2010," Galaxy managing director Iggy Tan said.

November has been a big month for Galaxy after it received final mining approval from the state government and started construction of its Mt Cattlin spodumene mine near Ravensthorpe.

Shares in Galaxy climbed 3.5 cents to $1.61 at 14:49 AEDT.

 

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