en.Wedoany.com Reported - Weidu News, China's Ganfeng Lithium revealed that the Goulamina spodumene project will produce 330,000 tons of lithium concentrate in 2025, with most of the ore transported domestically, ensuring smooth logistics. The Goulamina spodumene project boasts significant cost advantages and plans to achieve full production capacity by 2026. Additionally, in 2025, the company will adhere to a strategy of prudent expansion and focusing on high-quality assets, leading to a noticeable decrease in capital expenditures. In the future, development will continue to center around core projects with low costs and high returns, with a focus on advancing the second phase of the Goulamina project, the second phase of Cauchari-Olaroz, and the PPGS project. Among these, the Goulamina project possesses self-sustaining capabilities and can cover part of the capital expenditures required for expansion; the PPGS project will address its funding needs through market-based financing.
The Mali Goulamina Lithium Mine Project (Goulamina) is a large-scale lithium deposit located in the Bougouni region of southern Mali. The ore reserves are approximately 31.2 million tons, with a lithium oxide grade of 1.56%, containing 7.2 million tons of lithium carbonate equivalent, and proven spodumene reserves reaching 52 million tons. The project officially commenced construction on June 3, 2022, and held its production commencement ceremony on December 15, 2024. The first phase has an annual production capacity of 506,000 tons of spodumene concentrate, with the second phase planned to increase to 1 million tons. As a China-Mali cooperation project, the Mali government holds a 35% equity stake, while China's Ganfeng Lithium indirectly controls 65% of the interests. The project investment is nearly 300 billion West African CFA francs (approximately USD 480 million). Upon operation, it will position Mali as one of the world's major lithium-producing countries.
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