PLS Commits $1.9 Billion to Pilgangoora Mine Expansion
The Australian miner plans to lift output to two million tonnes a year as lithium prices fall and the WA government backs the project.
Key takeaways
- PLS plans to invest $1.9 billion to expand its Pilgangoora mine.
- The company expects production to reach two million tonnes a year by 2029.
PLS Group plans to spend $1.9 billion expanding its Pilgangoora lithium mine in Western Australia, targeting annual production of about two million tonnes of spodumene concentrate by 2029.
The project includes a new processing facility. PLS also announced a separate $600 million infrastructure investment over three years, covering access roads, a 1,200-bed workers’ village and a mine services facility.
The expansion comes as lithium prices fall. Mining analyst Peter Strachan said spodumene concentrate prices had dropped from $US3,000 per tonne in May to $US1,505, as supply returned to the market.
The WA government said the project is expected to create 1,000 construction jobs and 500 ongoing operational roles.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
