OROCOBRE
Lithium Brine Pumping Into Evaporation Pond
essentially undeveloped and with the exception of the Porvenir mine located in Jujuy , each of Borax Argentina ’ s operations are located in Salta Province in northern Argentina .
“ We purchased these run down assets from Rio Tinto in 2012 and are in the process of improving them with modest capital and changes in culture ,” said Seville . “ However , the big change will be when we do a major expansion of the Borax operations , which will then be followed by minerals and boric acid .”
As part of the initiatives being pursued at Borax Argentina , the company is in the process of re-modeling the deposits and undertaking a review into the exploration potential . Demand for boron products remains strong both in the region and around the world . Presently , the main geographic market for Borax Argentina is Brazil , along with Argentina to a lesser extent . Brazil ’ s economy is among the fastest growing in the world , a trend that is expected to continue , and is fully dependent on imports for its extensive borate needs . Demand is closely tied to the strength of Brazil ’ s glass , ceramics , construction and agricultural sectors . Major player in the sector In addition to favourable growth trends of the regional segments currently served by Borax Argentina , Orocobre believes there are a vast number of opportunities for Borax
68 July 2015