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Renaissance for Carinthian Lithium

Published: May 30, 2011; 12:16 · (Vindobona)

A currently closed lithium mine in Carinthia will be reopened by an Australian company after its acquisition for a price of € 9.25m. It is the largest deposit in Europe.

Renaissance for Carinthian Lithium / Picture: © Flickr

On Tuesday, the mine’s current owner Kärntner Montanindustrie (KMI) is going to sign the contract for the transaction with the combined companies Exchange Minerals Limited (EML) headquartered in Dubai and the Australian East Coast Minerals NL (ECM). The purchase price has been reported to be € 9.25m.

ECM-spokesman Joachim Fleing said that there were only a few open questions…

This article includes a total of 207 words.

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