Galaxy Resources
| File:Galaxy Resources logo.png | |
| Company type | Public |
|---|---|
| ASX: GXY | |
| Industry | Mining |
| Founded | 1996[1] |
| Headquarters | Applecross, Western Australia |
Key people | Martin Rowley (Chairman) Simon Hay (CEO) Alan Rule (CFO) |
| Products | Spodumene, lithium carbonate/hydroxide |
| Website | www.gxy.com |
Galaxy Resources Limited is an Australian public mining company. It is listed on the Australian Securities Exchange.
Overview
Galaxy Resources is a lithium mining company with projects in Australia, Canada and Argentina.[2]
Galaxy owns and operates the Mt Cattlin spodumene-tantalite mine at Ravensthorpe, Western Australia.[2] The mine operated between 2009 and 2012 before being placed on care-and-maintenance between 2013 and 2016. Following a plant refurbishment, mining at Mt Cattlin recommenced in March 2016, with first tantalum production in May 2016.[3][4][5]
The Sal de Vida lithium and potash brine project, located in Argentina's Salta and Catamarca provinces, and the James Bay Lithium Pegmatite Project in James Bay, Quebec, Canada are at a development stage.[6]
In May 2016, Galaxy announced a merger with its joint venture partner in the Mt Caitlin mine, General Mining Corporation.[7]
Galaxy also agreed to sell the northern package of tenements on the Hombre Muerto salar to South Korean conglomerate POSCO for US$280 million on 29 May 2018. The sale allows the company to maintain the original reserves of 1.14 million tonnes LCE, and a new 4.09 million tonnes LCE resource for the Sal de Vida project.[8]
References
- ^ "Galaxy Resources". Financial Times. Retrieved 23 July 2018.
- ^ a b "Corporate overview". Applecross Western Australia: Galaxy Resources Limited. Retrieved 6 May 2018.
- ^ "Barnett opens Galaxy's Mt Cattlin spodumene project". 6 November 2009. Archived from the original on 30 April 2012.
- ^ Kagi, Jacob (20 March 2013). "Lithium mine shut down in blow to Ravensthorpe".
- ^ "Investor Presentation" (pdf). Ardross, WA: Galaxy Resources Limited. 30 August 2016. p. 5. Retrieved 3 September 2016.
- ^ McKinnon, Stuart (8 February 2017). "Galaxy confirms $61m raising from placement". The West Australian. Perth, WA. Retrieved 6 May 2018.
- ^ Ingram, Tess. "Galaxy Resources and General Mining in $700m lithium merger". Sydney Morning Herald. Retrieved 31 May 2016.
- ^ "FINAL BOARD APPROVAL RECEIVED FROM POSCO AND BINDING AGREEMENT EXECUTED TO SELL NORTHERN PACKAGE OF TENEMENTS AT SAL DE VIDA" (PDF). ASX Ltd.
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