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Australian investor to open Czech lithium mine
published by: Jaroslaw Adamowski
Czech lithium project Australia’s European Metals Holding (EMH) says it has signed a memorandum of understanding (MoU) with the Czech Republic’s Ministry of Industry and Trade under which the company is to develop its Conovec lithium-tin project.
“European Metals Holdings Ltd fully supports the Ministry of Industry and Trade’s plan to process extracted lithium ore into the final intermediate products in the Czech Republic which is in line with own our development plans for Cinovec. We would like to help maximize the creation of the entire manufacturing chain and we are already taking concrete steps in this area,” said Keith Coughlan, the managing director for European metals at EMH.
Cinovec hosts a globally significant hard rock lithium deposit containing a combined 7 million tonnes of lithium carbonate equivalent and 263,000 tonnes of tin, according to data from EMH. This makes the Czech project Europe’s largest lithium deposit, and the fourth largest non-brine deposit worldwide.