Galaxy Resources Limited (ASX: GXY, Galaxy) advises that final-stage construction of the Company’s wholly-owned Jiangsu Lithium Carbonate Project (the Project or Jiangsu) continued on schedule during October 2011, with substantial progress made in all plant areas.
The Company’s EPCM contractor , Hatch Engineering , reported that by end-October, the Project was 91% complete and Galaxy remained on track to have the plant mechanically completed and ready for commissioning by end-Q4 2011.
The report also noted that the four large kiln (calcination and sulphation) and cooler units in Area 20 were lifted into place and is now in final stages of installation. The calcination and sulphation kilns are key pieces of infrastructure for the Project. Steel and equipment installation also advanced in line with expectations.
Galaxy Resources Managing Director Iggy Tan said the Project was nearing the final stages of completion and that - “We continue to make good progress at Jiangsu and remain on track to commission and complete the Project in accordance with our stated schedule and budget.”
“In addition to the timetable achievements, the Jiangsu construction site continues to maintain its safety record of no Lost Time Injuries. In fact, the Company has now recorded four years with no LTIs across all operations, including Mt Cattlin and Jiangsu, which is a great achievement particularly as we have 840 contractors on site at Jiangsu during dayshift and up to 230 during nightshift,”
“Some units at the back end of the plant - such as the packaging plant and microniser - were already mechanically complete and handed over to Galaxy for commissioning. Installation of electrical and control cables is underway and the lithium carbonate production building and purification unit is due to be handed over in coming weeks”, said Mr Tan.