LLL 0.00% 50.5¢ leo lithium limited

Reward vs risk, page-145

  1. 34,339 Posts.
    lightbulb Created with Sketch. 9121
    Having Ganfeng as a JV partner provides great benefits, not only technical support, but also ordering high quality equipment at discount price thanks to their network. The ball mill was ordered in May, I recall in one previous presentations/interview, this will be manufactured within a year. Cheaper and Faster!

    “Procurement of long-lead items such as the ball mill, jaw crusher and cone crushers de- risked a significant part of the project procurement profile. The ball mill was the most critical item and was secured under budget and with an eight-week improvement on the baseline schedule, due to the assistance of Ganfeng.”

    “The ball mill was the most critical item due to overall lead time and vendor data requirements and was ordered in May from CITIC (China). This was secured at a cost under budget and with an eight week improvement on the baseline schedule.“


    Also, this ball mill order was featured in CITIC website.
    Bear in mind, CITIC HIC is a Chinese listed company and specialising in machinery manufacturing.


    The largest grate mill entering into Africa market for Lithium processing
    2022-06-10


    Recently, as a result of its high-end mining equipment technology and its strength in core manufacturing and integrated service, CITIC HIC were awarded an order from Ganfeng Lithium Group for the supply of one set of Φ6.1×10.18m grate ball mill, spare parts and technology services for the Goulamina Lithium mine project in Mali, Africa. This order will contribute to the customer’s accelerated development of the Lithium product and give them autonomous control of this key Lithium resource.

    As the world-leading ecological Lithium enterprise, the business of Ganfeng Lithium Groups vision, work ethic and process runs through important parts of the upstream, midstream and downstream of the Lithium industrial value chain. The Goulamina project, controlled and constructed by Ganfeng Lithium Group, located in the south of Mali and the explored ore resources amount to 108.5 million tons. The project, after being put into production, will assist Mali becoming the third largest Lithium producing country in the world. The cooperation between CITIC HIC and Ganfeng Lithium Group will speed up the Lithium production and provide driving power into new energy industry ecological value chain.

    https://citicheavyindustries.com/news.html?id=32795
    Last edited by 8horse: 02/09/22
 
watchlist Created with Sketch. Add LLL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.