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billion to the Jadar lithium-borates project in Serbia, one of the world’s largest greenfield lithium projects. The project remains subject to receiving all relevant approvals, permits and licences and ongoing engagement with local communities, the Government of Serbia and civil society. Rio Tinto has committed $2.4 Earlier post.)
The investment follows a Memorandum of Understanding signed in May, outlining an intention to work together to progress the establishment of a “cradle-to-cradle” electric vehicle battery value chain in Serbia. InoBat is actively pursuing plans to build a number of gigafactories, including one in Serbia. Rio Tinto’s $2.4-billion
Rio Tinto and InoBat, a European battery technology and manufacturing company, signed a Memorandum of Understanding to work together to accelerate the establishment of a “cradle-to-cradle” battery manufacturing and recycling value chain in Serbia.
It shows the innovative thinking we are applying across our business to find new ways to meet the demand for emerging commodities like lithium, which are part of the transition to a low-carbon future. —Rio Tinto Minerals chief executive Sinead Kaufman.
Rio Tinto has approved an additional investment of almost $200 million to progress the next stage of the development of the lithium-borate Jadar project in Serbia. Rio Tinto’s lithium project pipeline is an important part of our vision to pursue opportunities which are part of the transition to a low-carbon future.
Rio Tinto disclosed to the Australian Securities Exchange (ASX) a maiden Ore Reserve and updated Mineral Resource at its 100% owned Jadar lithium-borates project in western Serbia. Pre-feasibility studies have shown that the Jadar project has the potential to produce both battery-grade lithium carbonate and boric acid. Earlier post.).
They include details of nitrogen oxides (NO x ), sulphur oxides (SO x ), carbon monoxide (CO), carbon dioxide (CO 2 ), ammonia (NH 3 ) and particulate matter (PM 10 ). Serbia started reporting to the E-PRTR in 2011. The new set of 32 maps allows Europeans to see on a scale of 5 km by 5 km where pollutants are released.
Rio Tinto’s portfolio of lithium projects focuses on leading edge mining and processing technology to deliver environmentally sensitive solutions to the production of battery-grade lithium carbonate for electric vehicles. This long-life, scaleable project has the potential to have one of the lowest carbon footprints in the industry.
The joint venture will also pave the way for Asia’s fourth-largest economy to take part in a project to develop lithium carbonate in the region, officials said. POSCO plans to bid for construction of lithium-carbonate manufacturing and processing facilities in Uyuni, it added. million tons, respectively. China and Argentina total 5.4
The company also owns the Jadar lithium project in Serbia, which is currently under dispute after Serbia in 2022 revoked the license for the project over environmental issues. Production is expected to start by the end of 2024. Argentina has the world’s largest share of salt lake lithium resources.
Eliminating emissions problems means finding renewable energy solutions with a minimal carbon footprint. For example, Poland, Belarus and Serbia have committed to 2030 net-zero emissions to increase sustainability. This transition ensures EVs get clean energy and minimizes their already-low carbon emission footprint.
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