Annual Report to Shareholders
Perth, Sep 29, 2014 AEST (ABN Newswire) - Orocobre Limited (
ASX:ORE) (TSE:ORL) is building a substantial industrial chemicals and minerals company through the construction and operation of its portfolio of lithium, potash and boron projects in the Puna region of northern Argentina.
Operating on the principles of sustainability, shared value and supported by strong local and international partnerships, Orocobre is well positioned to become a significant long-term supplier which can meet the growing demands of the global industrial chemicals and minerals markets.
Orocobre is dual listed on the Australian Securities Exchange (ASX:ORE) and on the Toronto Stock Exchange (TSX:ORL) and is included in the S&P/ASX 300 Index.
To view the annual report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ORE-820096.pdf
About Orocobre Limited
Orocobre Limited is listed on the Australian Securities Exchange and Toronto Stock Exchange (
ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF), and is building a substantial Argentine based industrial chemicals company through its portfolio of lithium, potash and boron assets. In partnership with Toyota Tsusho Corporation (TTC) and JEMSE, Orocobre has built and is now operating the world's first commercial, brine-based lithium operation constructed in approximately 20 years.
In 2018 Orocobre announced the Stage 2 Expansion of its flagship Olaroz Lithium Facility in Argentina. The Stage 2 Expansion will add 25,000 tpa of lithium carbonate production capacity, taking full production and capacity to 42,500 tpa of lithium carbonate for sale to industrial, technical and battery markets, positioning Orocobre as one of the world's largest and lowest cost lithium chemicals producers.
Additionally, Orocobre and Toyota Tsusho Corporation have commenced construction of the 10,000 tpa lithium hydroxide plant in Naraha, Japan. The construction of the Naraha Lithium Hydroxide Plant will further cement Orocobre's position as a global lithium chemicals producer operating at the bottom quartile of the lithium cost curve. This new hydroxide plant will be the first of its kind in Japan and will provide Orocobre product diversification suitable for different battery technologies and the potential for significant margin growth on our primary lithium carbonate being converted to battery grade lithium hydroxide.
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