Lithium: le Québec dans la cour des grands
Publié le 03 mai 2010 à 06h27
http://lapresseaffaires.cyberpresse.ca/economie/...our-des-grands.phpÜbersetzung:
The company Canada Lithium Corp (CLQ) wants to enter the market of lithium through the front door. If all goes according to plan, the Quebec Lithium Project, north of Val-d'Or, is operational in late 2012 and quickly became the third largest lithium mine in the world.
The Toronto-based company wants to capitalize on the growing appetite for automotive lithium, prized for the manufacture of rechargeable batteries that will power hybrid and electric vehicles.
The 150 million project is well underway. Last week, when CEO Peter Secker was in Montreal to present the project to investors, CLQ has launched a new drilling program to further increase the resources of Quebec Lithium. This will lead the company towards the end of 2010, a feasibility study to confirm the economic viability of the project. Environmental approvals are expected in early 2011.
By extracting one million tons annually of ore from the opencast mine, Canada plans to produce lithium 19 300 tonnes per year of lithium (lithium carbonate, precisely). That would put the world's third largest mine, far behind two large mines in Chile, which should produce 45 000-50 000 tonnes in 2015.
According to CLQ, a battery of an electric car requires an average 10 kg of lithium. Lithium is now sold from 2.70 to $ 2.80 U.S. per pound, while the production cost of the project early Quebec Lithium is $ 1.27 a pound.
Up to 50 years of operation
CLQ, however, will require funding to carry out its project. It will take nearly 150 million to start production.
There fetch 70% as debt, and 30% in shares. The company currently trades on the TSX Venture (CLQ, 61 cents on Friday after the session) will present elsewhere in the coming months for a candidate to play in the big leagues, on the main TSX index.
Peter Secker also trying to convince institutional investors to participate in the Quebec funding through debt.
To attract them, Mr Secker can put forward the fact that the mine will employ, at its peak, about 170 people. And the expected life of the mine is 30-50 years, nothing less.
Asia on the radar
Canada Lithium Corp. bought the Quebec Lithium property from the hands of IAMGOLD for $ 600,000 and 1 million shares in May 2008. The website of 6 km2, 60 km north of Val-d'Or, has already hosted a wealth of lithium from 1955 to 1965. The mine closed when the Americans stopped accumulating reserves of lithium in their strategic metals.
Today, Asia is in the sights of Canada Lithium. "China and India are planning to have a penetration rate of car as important as Brazil in 2020, while it is currently three times lower, says Peter Secker. This will require 250 million new vehicles, not counting replacements. It's a safe bet that a significant percentage of these cars will be electric. "
Canada Lithium Corporation has also concluded a marketing agreement with the brokerage firm Mitsui, who tries to finding Asian customers. CLQ calculates that if electric vehicles account for 15% of the global market for automotive lithium demand will double over the planet.
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