Core Lithium shuts Northern Territory mine as it hopes for …

Jul 24, 2024 · Core Lithium made its decision to stop mining early, allowing it to maintain a cash balance of $87 million at the end of June. Mr Brown said his focus was on reducing costs for …

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Core Lithium Shuts Northern Territory Mine As It Hopes For …

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Jul 24, 2024 · Core Lithium made its decision to stop mining early, allowing it to maintain a cash balance of $87 million at the end of June. Mr Brown said his focus was on reducing costs for …

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Lithium Woes Growing Pains Not Lack Of Finniss - Mining.com.au

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“Mining in the [Northern] Territory is in a strong place. Core Lithium alone has spent $300 million in the Territory to date, and [in] Q4 of 2023 the NT recorded our highest ever mineral …

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$89m Finniss Lithium Project In NT Has Commenced Construction

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Oct 27, 2021 · Following the announcement of Final Investment Decision (FID) at the end of September 2021, the $89 million Finniss Lithium Project in the Northern Territory has …

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FAQs about Core Lithium shuts Northern Territory mine as it hopes for … Coupon?

Why did core Lithium suspend a second mine in the Northern Territory?

Core Lithium suspended early works on its proposed second mine in the Northern Territory late last year. (ABC News: Jesse Thompson) Core Lithium has suspended mining at its Finniss project near Darwin in light of "weak market conditions", with up to half of the 300 jobs at the site to be lost. ...

Why did core Lithium stop mining?

A spodumene concentrate stockpile at Core Lithium's Finniss mine. (Supplied: Core Lithium) Core Lithium made its decision to stop mining early, allowing it to maintain a cash balance of $87 million at the end of June. Mr Brown said his focus was on reducing costs for the business. ...

What is core Lithium doing now?

Core Lithium achieved a key milestone last year with the opening of its Finniss Lithium mine, the first new mine to commence operations in the Northern Territory in more than a decade with first exports of a Direct Shipping Ore product from Core Lithium’s Finniss Lithium Project shipped earlier this year. ...

Is core Lithium reopening its Finniss project in the Northern Territory?

Core Lithium's Finniss project in the Northern Territory neighbours Charger's Bynoe project. Image: Core Lithium Core Lithium has confirmed its Finniss lithium mine in the Northern Territory is poised for a quick restart as soon as viable. ...

Will core Lithium stop producing spodumene?

Core Lithium’s Grants open cut mine in the Northern Territory will stop production. The price of spodumene concentrate produced by Core has plunged 85 per cent in the past 12 months – and by 50 per cent since the end of October. Core is not the only lithium producer facing tough calls. ...

Will core Lithium open a new mine?

The announcement this month that Core Lithium will open a long-awaited mine about 80km south of Darwin has been well received. A popular measure of economic progress in the Northern Territory is the number of new mines. The Core Lithium facility is the first new mine in more than a decade. It’s icing on the cake. ...