MINING
Accepting the 2014 Mining Argentina Award
project is well served by surrounding key infrastructure , including sealed roads , high voltage electricity , gas pipelines , and rail access .
Construction on the estimated US $ 229 million project began late in November 2012 , with construction taking about 18 months . Approximately 150 employees work on site , and while construction of the facility has been completed , there is some final rectification work being conducted on the lithium carbonate production plant to allow the achievement of the nameplate production rate .
The facility began as a joint venture
project built in partnership with Japanese trading giant Toyota Tsusho Corporation ( TTC ), with the initial agreement beginning in January 2010 and the partnership agreement signed in October 2012 . The agreement gave both sides a detailed financing plan set up to secure TTC ’ s direct participation and support for funding the Olaroz project .
Since then , the two companies have worked closely together to advance the project . In a business where product quality is most important , TTC ’ s investment provided a strong endorsement of the quality of the Olaroz resource , and the high purity
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