Montreal firm lands $202 million mine contract

Lithium carbonate uses include computer batteries and smartphones

January 25, 2011
by Purchasing b2b staff

TORONTO: Canada Lithium Corp has hired Montreal-based GENIVAR Inc for the engineering, procurement, construction and management of a planned open-pit mine and processing plant.

The project—in Val D’or, Quebec about 525 kilometres northwest of Montreal—could see limited production by 2012. Met-Chem Canada Inc, also based in Montreal, will support GENIVAR during the process design and engineering stages.

Lithium carbonate offers a diverse range of uses, such as in batteries for hybrid and electric vehicles, storage batteries for wind and solar energy plants, as well as in computer batteries and smartphones.

“GENIVAR and Met-Chem are world-class engineering groups with the advantage of having deep roots and considerable experience in the development of Quebec’s mining sector,” said Canada Lithium president and CEO Peter Secker. “With this appointment, detailed engineering and design are now underway.”

Commissioning of the mine and plant is scheduled for late 2012, with full production expected in 2013. Initial capital costs are estimated at US$202 million and cash operating costs at US$2,600 per tonne of battery-grade lithium carbonate.