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Galaxy Res. breaks gound on Australia's 2nd lithium mine

PERTH, Nov 6, 2009 (Asia In Focus via COMTEX) --

Companies: BHP Billiton LTD (BHP), Galaxy Resources Ltd (GALXF)

The ground has been broken on Australia's second lithium mine, GALAXY RESOURCES LTD's (ASX:GXY) Mt Cattlin project at Ravensthorpe in Western Australia, and first production slated for late 2010. The new mine was officially opened on Friday by WA Premier Colin Barnett, who said it was good news for Ravensthorpe and surrounding communities.

* Residents of Ravensthorpe and nearby Hopetoun were left reeling in January when mining giant BHP BILLITON LTD (ASX:BHP) mothballed its Ravensthorpe nickel mine following a dive in the metal's price, resulting in more than 1,800 job losses.

* Galaxy managing director Iggy Tan said in a statement on Friday that the Mt Cattlin project would deliver significant benefits to the region by employing a residential workforce, with flow-on effects to local industry and businesses.

Copyright (C) 2009 Asia in Focus. All rights reserved

News Provided by COMTEX

Companies: BHP Billiton LTD (BHP), Galaxy Resources Ltd (GALXF)


Related terms: australia, local, mining, nickel, residential

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