article thumbnail

Rio Tinto to invest USD 350 million in Argentina lithium project – ET Auto

Baua Electric

Global miner Rio Tinto will invest USD 350 million at its Rincon lithium plant in Argentina as it works to begin production by the end of the year, the company said this week following Chief Executive Jakob Stausholm ‘s visit to the site.

article thumbnail

KABIL Secures $24 Million Lithium Exploration Deal in Argentina | Autocar Professional

Baua Electric

In a move aimed at bolstering its lithium reserves and fostering the development of lithium mining and downstream sectors, India’s state-owned Khanij Bidesh India (KABIL) has inked a significant lithium exploration deal in Argentina. This includes initiatives in countries like Australia, Argentina, and Chile.

article thumbnail

Ganfeng Lithium plans to buy stake in Proyecto Pastos Grandes – ET Auto

Baua Electric

Established in 2016, PGCO owns two lithium projects in Argentina – the Pastos Grandes lithium project and Cauchari East lithium project, according to Ganfeng. in a subsidiary of Lithium Americas Argentina Corp, as China’s leading lithium producer ramps up its efforts to secure resources.

Buy 52
article thumbnail

Nissan investing $600M in Argentina; domestic production of new pick-up

Green Car Congress

Nissan Motor will invest $600 million in Argentina and will become an Original Equipment Manufacturer (OEM) with the domestic production there of an all-new NP300 Frontier pick-up. With the expansion, Nissan is making Argentina a key component of its regional strategy eventually to position itself among the Top 3 brands in Latin America.

Argentina 150
article thumbnail

India enters Argentina’s lithium market with INR 200 cr investment, eyes on rich lithium reserves – ET Auto

Baua Electric

Argentina is part of the “Lithium Triangle” along with Chile and Bolivia with more than half of the world’s total lithium resources and having the distinction of having 2nd largest lithium resources. The signing took place in Catamarca, Argentina, in the presence of Catamarca’s Governor Lic. Raul Jalil, Vice Governor Eng.

India 52
article thumbnail

India to send teams to Chile seeking lithium and copper assets, source says – ET Auto

Baua Electric

million) lithium exploration pact for five blocks in Argentina. KABIL, which is currently setting up an office in Argentina, is also in talks with another company in the Latin American country for lithium exploration, the source said. In January, KABIL signed a 2-billion-rupee (USD 24.01

Chile 52
article thumbnail

Rio Tinto CEO bullish on lithium but not eyeing big acquisitions – ET Auto

Baua Electric

Rio Tinto is developing the Rincon project, a lithium-brine mine in Argentina where it plans to develop a battery-grade lithium carbonate plant with an annual capacity of 3,000 tonnes. Argentina has the world’s largest share of salt lake lithium resources. And therefore you need more lithium,” Stausholm added.

Serbia 52