2023-08-21 18:43:00
(Ecofin Agency) – Ewoyaa is on track to become Ghana’s first lithium mine, with revenues in excess of $6 billion expected over 12 years. Pending commissioning, its owner Atlantic Lithium is evaluating other options to increase the project’s revenues.
In Ghana, Atlantic Lithium announced last week the conclusion of a memorandum of understanding with Tarkwa University of Mines and Technology for a feasibility study on the production of feldspar from the future mine. of lithium from Ewoyaa. It is a mineral used in the production of porcelain and ceramics.
This Ghanaian center of excellence, dedicated to the training of mining and oil professionals in particular, will be responsible for determining the state of the fresh feldspar and kaolin market in the country and in the sub-region. The technical feasibility of feldspar processing in Ghana, risk analysis and identification of risk mitigation measures, as well as a financial model on the expected costs and revenues for the project, will also be assessed.
“We believe the Ewoyaa Lithium Project represents a major potential source of feldspar, identified as a by-product of spodumene concentrate production at the proposed Dense Media Separation plant, which is widely used in ceramics and associated industries”#ALL #A11 $A11 $ALLIF pic.twitter.com/xc8QzwCWaM
— Atlantic Lithium (@AtlanticLithium) August 15, 2023
The results of this feasibility study will allow Atlantic Lithium to make a decision on the production of feldspar as a by-product of spodumene concentrate from its lithium plant in Ewoyaa. If the necessary conditions are met, the company might supply the national ceramics market in Ghana.
« We hope to help reinvigorate the Ghanaian ceramics market through the long-term supply of feldspar from Ewoyaa, stimulating the creation of new jobs and the development of associated businesses in the industry in the process.commented Keith Muller, DG of Atlantic Lithium.
As a reminder, Ewoyaa is expected to become Ghana’s first lithium mine by 2025, with the production of 3.6 million tons of spodumene concentrate over 12 years. The definitive feasibility study that provided these figures expects revenues of approximately $6.6 billion.
Emiliano Tossou
Read also:
21/08/2023 – Atlantic targets 2025 for entry into production of Ghana’s first lithium mine
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#Atlantic #supply #feldspar #ceramics #sector #future #lithium
