Galaxy ready to restart Jiangsu lithium carbonate plant

THE BOURSE WHISPERER: Galaxy Resources (ASX: GXY) has received clearance from the Zhangjiagang Safety Bureau allowing the company to recommence operations at its Jiangsu lithium carbonate plant in China.

The Safety Bureau has inspected and approved Galaxy’s repairs to a u-bend section of pipe in the sodium sulphate crystallisation area of the plant that ruptured in November 2012.

Galaxy said it expects the plant to be fully operational and producing lithium carbonate within the week.

In addition, a complete Hazard and Operability review has been conducted across the Jiangsu operation to ensure complete and ongoing safety of the plant.

The main calcination kiln is in the final stage of the dry out process and will soon be heated to full temperature to coincide with the start-up of the plant allowing for a return to full operations.

“We are pleased to have obtained the Zhangjiagang Safety Bureau’s clearance and to have recommenced operations at Jiangsu,” Galaxy Resources managing director Iggy Tan said in the company’s announcement to the Australian Securities Exchange.