SINGAPORE - Lithium production at the Bald Hill Lithium and Tantalum Mine in the Eastern Goldfields of Western Australia, which is owned through a 50:50 joint venture with Alliance Mineral Assets (AMAL) and Tawana Resources has commenced, the mining companies said in a joint release on Wednesday (March 14).
The spodumene (lithium) production commenced following the commissioning of a newly constructed dense media separation circuit, which will be ramped up to full production run rate over several months, AMAL said in a filing with the Singapore Exchange.
AMAL and Tawana are still working on the completion of stage 2 of the lithium fines circuit design and the recommissioning of the tantalum circuits.
On Tuesday, AMAL revealed the termination of services of its CEO Tjandra Adi Pramoko and his wife Simone Suen Sze Man, who serves as executive director of the company, saying it has "lost confidence" in the abilities of both persons in continuing their duties and has given notices of termination to both Mr Tjandra and Ms Suen.
Mr Tjandra has ceased to act as its CEO, and Ms Suen has ceased to act as its executive director, with effect from March 1.
The pair are currently on gardening leave.
AMAL had asked for a trading halt on its shares on March 1; it later asked for trading suspension, on March 6, pending this announcement. It requested on Tuesday that its shares be allowed to resume trading.
Alliance shares last traded at S$0.36.