Beginning of 2017? The Canadian Stans Energy is considering investing up to US$70 million in the production of lithium carbonate in Russia, according to the company.
In the heart of the project is the development of Zavitinsky lithium field, one of Russia’s largest poly-metallic fields, which is located in the Shilkinsky district of the Zabaykalsky Krai, the krai, in the historical region of Transbaikalia, close to China.
The overall volume of reserves of the field are estimated at 19 million tonnes, while the production is expected to be launched already at the beginning of 2017. The volume of production will amount to 9,000 tonnes per year. The mine has reserves for more than 30 years.
According to the authorities of the Zabaykalsky Krai, the production site is located 250 kilometers from the city of Chita, close to the Trans-Siberian Railway, one of Russia’s longest railways, which links Russia with China and other Asian countries. Due to this, according to plans of Stans Energy, the project provides a good opportunity for the exports of finished products of the plant to Japan, South Korea and China, along with the domestic market.
According to the company’s estimates, operating costs, associated with the implementation of the project, will be about US$3,400 per tonne of lithium carbonate. With the price of finished product of US$7,000 per tonne, the annual revenue of the company will amount to US$63 million.
Payback period of the project is estimated at about six years.
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