{"id":8841,"date":"2024-09-06T14:10:48","date_gmt":"2024-09-06T04:10:48","guid":{"rendered":"https:\/\/yinghuiinternational.com\/?p=8841"},"modified":"2024-09-06T14:10:49","modified_gmt":"2024-09-06T04:10:49","slug":"arcadium-to-put-mt-cattlin-on-hold","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2024\/09\/06\/arcadium-to-put-mt-cattlin-on-hold\/","title":{"rendered":"Arcadium to put Mt Cattlin on hold"},"content":{"rendered":"\n

<\/h1>\n\n\n\n

\"\"Kelsie Tibben<\/a><\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Image: Michael Evans\/stock.adobe.com<\/p>\n\n\n\n

Arcadium Lithium will transition its Mt Cattlin mine in Western Australia into care and maintenance following the recent softening of lithium prices.<\/p>\n\n\n\n

Stage 4A waste stripping and any expansionary investment will be suspended after the mine completes Stage 3 mining and ore processing by mid-2025.<\/p>\n\n\n\n

Though considered a relatively small mine compared to its neighbours, Arcadium president and chief executive officer Paul Graves said the mine will continue to play a big part in the company\u2019s future.<\/p>\n\n\n\n

\u201cWe remain committed to developing our global portfolio of hard rock assets and are confident that they will continue to be a significant part of Arcadium Lithium\u2019s growth story,\u201d Graves said<\/a>.<\/p>\n\n\n\n

\u201cUnfortunately, production at Mt Cattlin beyond the current stage of the open pit cannot be justified in the current price environment for spodumene.<\/p>\n\n\n\n

\u201cWe will maintain open and transparent dialogue with all of our stakeholders while supporting our employees and communities in Western Australia during this transition period.\u201d<\/p>\n\n\n\n

Arcadium was firm Mt Catltin will not be closed, with its care and maintenance program intended to keep the mine and processing facilities in a position to potentially resume operations when market conditions become more favourable.<\/p>\n\n\n\n

The company said it will continue to explore the viability of underground mining at the Mt Cattlin site, which could potentially extend the remaining mine life.<\/p>\n\n\n\n

As a result of the decision to put Mt Cattlin on hold, Arcadium expects to increase its net expected cash flow in 2024 and 2025 cumulatively by approximately $US75 ($111.2 million) to $US100 million ($148.3 million).<\/p>\n\n\n\n

Subscribe to <\/em>Australian Mining<\/em><\/a> and receive the latest news on product announcements, industry developments, commodities and more.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Kelsie Tibben Image: Michael Evans\/stock.adobe.com Arcadium Lithium will transition its Mt Cattlin mine in Western Australia into care and maintenance following the recent softening of lithium prices. Stage 4A waste stripping and any expansionary investment will be suspended after the mine completes Stage 3 mining and ore processing by mid-2025. Though considered a relatively small … Continue reading “Arcadium to put Mt Cattlin on hold”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6,7],"tags":[],"class_list":["post-8841","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-2iB","jetpack-related-posts":[{"id":1309,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/04\/01\/mt-cattlin-begins-lithium-production\/","url_meta":{"origin":8841,"position":0},"title":"Mt Cattlin begins lithium production","author":"yinghui","date":"April 1, 2016","format":false,"excerpt":"Galaxy Resources has officially begun production at its Mt Cattlin mine. \u201cProduction has commenced, with both mining and processing operations having started up,\u201d Galaxy said in a company statement. \u201cAn initial 5-week program will sequentially recover and stockpile spodumene and tantalum concentrates from the fines circuit ahead of crusher and\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"WebsiteGalaxySM_000","src":"https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2016\/04\/WebsiteGalaxySM_000.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8425,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/09\/12\/allkem-technical-collaboration-on-lithium-potential-in-ravensthorpe\/","url_meta":{"origin":8841,"position":1},"title":"Allkem Technical Collaboration on Lithium Potential in Ravensthorpe","author":"yinghui","date":"September 12, 2023","format":false,"excerpt":"NickelSearch\u4e0eAllkem\u5f00\u542f\u6280\u672f\u5408\u4f5c \u80a1\u4ef7\u8dc3\u534761% 2023-09-12 10:03:10 (AET) by Edward Zhang\u00a0\u00a0 733 \u77ff\u4ea7\u52d8\u63a2\u516c\u53f8 NickelSearch\uff08ASX\uff1aNIS\uff09\u63d0\u4f9b\u4e86\u5176\u5728\u897f\u6fb3\u5927\u5229\u4e9aRavensthorpe\u9644\u8fd1\u7684Carlingup\u954d\u786b\u5316\u7269\u9879\u76ee\u9502\u6f5c\u529b\u8bc4\u4f30\u8fdb\u5c55\u7684\u6700\u65b0\u8fdb\u5c55\u3002 \u3010\u6fb3\u80a1\u8d44\u8baf\u5e73\u53f0 - 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