Mining News

European Metals Holdings Buys Land in Czech Republic for $44 Mln for New Lithium Plant

European Metals Holdings said Friday that its 49%-owned subsidiary Geomet has bought land for $44 million at Czech industrial site Dukla to construct a lithium processing plant.

The Australia-based mining company said the close location of the Dukla site to its lithium and tin Cinovec project site will help reduce transport costs.

Supported by

“The Dukla land acquisition marks another major milestone in Cinovec’s evolution into a future battery grade lithium supply hub for Europe and the rest of the world,” Chief Executive of Cadence Minerals Kiran Morzaria said.

Cadence holds around 6.8% percent of the equity in European Metals Holdings.


Source: Market Watch

Related posts

METSO @ Panama papers


Vast Resources Romania copper, zinc concentrate production soars in Q3 FY 2017


Karelian Diamond Resources to acquire the diamond mining permit for its Finland Lahtojoki project

error: Content is protected !!