Orocobre’s Construction of Olaroz Lithium Project Advances According to Schedule

Orocobre Limited ("Orocobre" or "the Company") is pleased to provide a progress report on the construction of the Company's flagship Olaroz lithium project.

The construction of the Olaroz lithium project continues to advance according to schedule and within budget.

Over the past month the following tasks were completed:

  • Dining area and labour bedroom modules
  • Sewage treatment plant construction
  • Lime plant conveyor construction - Area 4000
  • Concrete supplier mobilization

The following will be completed by months end:

  • Concrete Plant installation
  • Contractors camp relocation
  • Sewage treatment plant installation

The following tasks are in progress:

  • Ball mill for the lime plant
  • Equipment and mechanical installation at pumping station and water intake
  • Tolas (Vegetation) Removal and recycling at the pond area
  • Road and platform construction on the salar
  • Evaporation ponds construction
  • Lime plant silos, tanks and other facilities construction

Approximately $87m of the US$229m capital budget has been committed or spent (up from $77m last month) and all major contracts awarded to this point remain on, or under, budget.

The following tasks will continue through April and May:

  • Road and platform construction on the salar
  • Evaporation ponds construction
  • Production wells drilling
  • Grounding and concrete foundations for Lime Plant
  • Aqueduct construction
  • Gas Pipeline construction
  • Brine pipeline construction
  • Protection channels construction
  • Camp modules installation
  • Warehouse Area fence construction

Contracts issued so far are running to schedule and within budget.

The Company continues to follow the "Jujuy First" strategy to successfully work with suppliers and the employment bureau to focus on the hiring of local people from the communities of Olaroz, Huancar, Puesto Sey, Pastos Chicos, Catua, Susques, Jama, El Toro, Coranzulí, San Juan and Abrapampa. The engagement of the community also extends to the provision of health services and programs to encourage the continued education of young people.

The project implementation is through EPCM (Engineering, Procurement and Construction Management) with a high proportion of local involvement through construction and supply contracts and local employment. The unique community and shared value policy continues as a key success factor, training local people with supervision by high quality experienced professionals.

The Olaroz lithium project is being developed by Orocobre (66.5%) with is partners Toyota Tsusho Corporation ("TTC") (25%) and the Jujuy Province mining and energy company, JEMSE (8.5%) with a construction budget of US$229m including contingency. The project is fully funded with up to US$275m of funding available via US$82.8m of equity funding from TTC and Orocobre and US$192m of project finance for Mizuho Corporate Bank. First production is scheduled for the end of the second quarter, 2014.

Source: http://www.orocobre.com.au/

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Orocobre Limited. (2019, February 18). Orocobre’s Construction of Olaroz Lithium Project Advances According to Schedule. AZoMining. Retrieved on October 26, 2021 from https://www.azomining.com/News.aspx?newsID=8102.

  • MLA

    Orocobre Limited. "Orocobre’s Construction of Olaroz Lithium Project Advances According to Schedule". AZoMining. 26 October 2021. <https://www.azomining.com/News.aspx?newsID=8102>.

  • Chicago

    Orocobre Limited. "Orocobre’s Construction of Olaroz Lithium Project Advances According to Schedule". AZoMining. https://www.azomining.com/News.aspx?newsID=8102. (accessed October 26, 2021).

  • Harvard

    Orocobre Limited. 2019. Orocobre’s Construction of Olaroz Lithium Project Advances According to Schedule. AZoMining, viewed 26 October 2021, https://www.azomining.com/News.aspx?newsID=8102.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit