67th Day Of Lockdown

Maharashtra62228269972098 Tamil Nadu2024611313157 Delhi173877846398 Gujarat159448611980 Rajasthan83654855184 Madhya Pradesh76454410334 Uttar Pradesh74454215201 West Bengal48131775302 Bihar3359120915 Andhra Pradesh3330223460 Karnataka278189448 Telangana2256134567 Punjab2197194942 Jammu and Kashmir216487528 Odisha17239779 Haryana172194019 Kerala11515659 Assam9361044 Uttarakhand493794 Jharkhand4621914 Chandigarh3641894 Chhatisgarh364830 Tripura2421650 Himachal Pradesh223634 Goa68370 Puducherry49170 Meghalaya20121 Nagaland1800 Manipur540 Arunachal Pradesh210 Mizoram110 Sikkim100
Business Companies 25 Jun 2019 Manikaran eyes lithi ...

Manikaran eyes lithium refinery

DECCAN CHRONICLE. | RITWIK MUKHERJEE
Published Jun 25, 2019, 2:09 am IST
Updated Jun 25, 2019, 2:09 am IST
The refinery, once up and running, is expected to process ore from Mount Marion mine in western parts of Australia.
CPP's and other non conventional energy sources to the deficit region or load centers at market competitive prices, top Manikaran Power officials said.
 CPP's and other non conventional energy sources to the deficit region or load centers at market competitive prices, top Manikaran Power officials said.

Kolkata: Australian mining company Neometals has inked a pack with Manikaran Power Ltd, India's third-largest power trading and diversified renewable energy company,  to jointly fund a feasibility study to set up India's first lithium refinery, top company officials said.

Manikaran Power’s objective is to fulfill the short term as well as long term energy requirements of its customers and facilitate transmission of power from surplus utilities, CPP's and other non conventional energy sources to the deficit region or load centers at market competitive prices, top Manikaran Power officials said.

 

"Neometals and Manikaran hold a common belief in the future demand for lithium driven by the electrification of transport and storage of renewable energy. Given India's growth projections for electric vehicle and lithium battery manufacturing capacity, this opportunity to partner in India's first domestic lithium development and potentially realise value from downstream processing our offtake option from Mt Marion is compelling,” said Chris Reed, Managing Director, Neometals.

The refinery, once up and running, is expected to process ore from Mount Marion mine in western parts of Australia, to produce battery grade material for electric cars. In the new scheme of things, the two companies will contribute their respective skills, resources and know-how towards achieving a positive outcome from the evaluation activities and to share costs equally, the official communiqué from Neometals said.

Going by the indications by the two companies, the feasibility study might take nearly 24 months or so and accordingly the final investment decision is expected to be taken in the first half of 2021.

Reed said, "Manikaran has significant on-the-ground presence and commercial standing in India to assist with site location, regulations, access to finance, utilities and reagents, and is part of a group of companies with broad competencies that enhance their value proposition as partners."

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT