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Orocobre declares 'Full speed ahead'


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Acceleration of new lithium projects looks set to be the biggest outcome of a $4 billion merger between Orocobre and Galaxy Resources, with the man who will lead the merged entity declaring it will be “full speed ahead” on a long list of growth projects.
Orocobre and Galaxy currently have one lithium production asset each, but the merged entity could have four in the medium term, a new downstream processing plant plus a raft of brownfield expansion options.
The sequencing of those growth projects looms as a major decision for Orocobre chief executive Martin Perez De Solay, but on Monday he indicated projects were more likely to be accelerated rather than delayed once the merger was formalised. ....

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