ROSATOM URANIUM ONE AND YLB TO CONSTRUCT LITHIUM COMPLEX IN BOLIVIA
Uranium One Group JSC (an entity of ROSATOM) and YLB (Lithium Deposits of Bolivia, Yacimientos de Litio Bolivianos) Bolivian State Company signed a framework agreement on the construction of lithium carbonate mining and production complex in Potosí Department, Bolivia.
Today lithium is in the mainstream of the green economy; it is a critical element for the development of energy storage systems which have already been used on a large scale in a number of high-tech industries. The joint Russian-Bolivian project will make it possible to create in Bolivia, the country with the most abundant lithium reserves in the world, a complete production chain – from mining lithium raw materials to deriving a marketable product.
Uranium One Group was awarded the agreement as a result of its participation in YLB’s International Competition of Direct Lithium Sorption Extraction Technologies. Lithium mining will rely on the Russian direct sorption extraction technology which has already proved to be highly cost efficient and environmentally friendly.