Greenbushes chemical plant capex jumps to A$880m
Australian lithium company IGO on Thursday announced a revised budget and timeline for the Chemical Grade Plant 3 (CGP3) project under construction at the Greenbushes lithium mine.
The total cost of the CGP3 had risen to A$880-million, with the remaining cost to complete estimated at A$270-million.
First ore from the plant was expected in the second quarter of the 2026 financial year.
Under previous estimates, the CGP3 project was due to be completed in early 2025 at a cost of A$500-million to A$550-million.
IGO attributed the budget and schedule adjustments to the impact of industry cost escalations, changes to scope and design and delays in completion of some work packages.
“CGP3 forms an important part of Greenbushes’ near-term growth strategy, and will add approximately 500 000 t/y of additional spodumene concentrate production capacity once complete,” said IGO MD and CEO Ivan Vella.
“While market conditions for lithium are currently subdued, the strong margins and cash generation being achieved by Greenbushes is enabling reinvestment in growth which will further cement its position as the world’s leading hard rock lithium operation,” he added.
Greenbushes is Australia’s biggest lithium mine. It is operated in a joint venture between IGO and China’s Tianqui Lithium.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...
VISIT SHOWROOM
Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
