Results of a feasibility study at the site, a salt lake in northwestern Argentina, showed estimated deposits of 6.4 million tons, a major upgrade from an initial projection of 1.5 million tons.
According to the Nikkei, Toyota Tsusho and Orocobre plan to begin constructing on-site facilities in 2012 upon government approval, with the mining to begin as early as 2013. The joint venture is expected to produce an annual 16,400 tons of lithium.
Toyota Tsusho will receive all the lithium produced at the site for supply to group firm Toyota Motor Corp. and others.
Source: Nikkei
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