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A company of ROSATOM and YLB signed an agreement for cooperation in lithium mining and production in Bolivia Uranium One Group, PUBLISHED 29.06.2023 On June 29, 2023, Uranium One Group JSC (an entity of the ROSATOM Atomic Energy Corporation) and YLB (Lithium Deposits of Bolivia, Yacimientos de Litio Bolivianos) Bolivian State Company signed a framework agreement on the construction of lithium carbonate mining and production complex in Potos? Department, Bolivia. Today lithium is in the mainstream of the green economy; it is a critical element for the development of energy storage systems which have already been used on a large scale in a number of high-tech industries. The joint Russian-Bolivian project will make it possible to create in Bolivia, the country with the most abundant lithium reserves in the world, a complete production chain - from mining lithium raw materials to deriving a marketable product. "The agreement opens up new prospects for a long-term cooperation between Russia and Bolivia. For ROSATOM, this is the first large-scale foreign project in the field of lithium production, with investments of about 600 million dollars. It is planned to build an industrial complex with a capacity of 25 thousand tons of lithium carbonate per year to be expanded based on the results of geological exploration activities. We share the Bolivian Party's interest in commissioning of the first stage and starting production of finished products in as short a time as possible. Additionally, for the development of that high-tech industry in Bolivia ROSATOM will provide training of qualified personnel," said Kirill Komarov, the First Deputy Director General for Development and International Business of ROSATOM. Uranium One Group was awarded the agreement as a result of its participation in YLB's International Competition of Direct Lithium Sorption Extraction Technologies. According to the signed document, the company will be involved in the construction of an industrial complex based on the brine spring (salar) of Pastos Grandes in the Potos? Department. Lithium mining will rely on the Russian direct sorption extraction technology which has already proved to be highly cost efficient and environmentally friendly. ROSATOM has consistently developed the cooperation with Bolivia. In particular, the project for the construction of the Center for Nuclear Technology Research and Development (CNTRD) in El Alto, which is unique in Latin America, is being successfully implemented, offering Bolivia great opportunities for the application of nuclear technology in health, agriculture, and other sectors. The first radiopharmaceuticals produced at the cyclotron complex built by ROSATOM have already been delivered to Bolivian clinics. The new joint Russian-Bolivian project will additionally contribute into the social and economic development of the country and improve the quality of life of the Bolivian population. Topics: Rosatom Other news: ROSATOM starts testing MOX fuel for VVER reactors For irradiation in the MIR reactor, 21 MOX fuel rods had been manufactured. ROSATOM plans to construct SHELF-M reactor plant in Chukotka The land-based small nuclear power plant with the SHELF-M reactor is planned to be commercially operational by 2030. Main Construction Phase for Unit 3 of El-Dabaa Nuclear Power Plant Commences in Egypt A technical ceremony for the pouring of the first concrete took place. |
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