Mining Exploration News

Australia mining companies will make lithium mining exploration in Ravensthorpe, Western Australia. Ravensthorpe mine in the area once used by the mining company BHP Billiton nickel mine exploration, but exploration of nickel mines closed, so that people in the Ravensthorpe area lost their jobs. Re-opening of mining exploration activities in the area of lithium Ravensthorpe mine give good news to the residents agree, because the area around Ravensthorpe mine will get a job.

Galaxy Resource Director Iggy Tan said, “that the project will provide Cattlin Mt significant benefits to the region by employing a workforce housing, with a flow-on effects to local industries and businesses. In 2010, the mine will Mt Cattlin world’s second largest hard spodumene rock producer, and will be one of the three current lithium minerals mined commercially, together with petalite and lepidolite. ”

Independent research house Stock Resource said in a research note this week that Galaxy and Orocobre Ltd were the only Australian stock exchange-listed companies that offered investors exposure to lithium, with Orocobre focused on Argentina.

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