BEIJING, Aug. 15 (Xinhua) -- Ganfeng Lithium Co., Ltd. (002460.SZ) announced on Tuesday that its subsidiary had set up a new company in Holland that purchased 37.5 percent stakes in Argentina’s Minera Exar with a total of 60.30 million U.S. dollars.
Minera Exar is a mining and exploration company based in Argentina. Established in 2006, the company has a Cauchari-Olaroz lithium salt lake project in Jujuy Province, Argentina. The first phase of planned production capacity of 25,000 tons of battery-grade lithium carbonate is scheduled to be put into production in 2020. (Edited by Ma Xin, maxin11@xinhua.org)
A single purchase
