0:00 | 10.11.2009
Galaxy Resources Limited (ASX:GXY) Appoints 3 Key Positions At Jiangsu Lithium Carbonate Plant

Galaxy Resources Limited (ASX:GXY)(PINK:GALXF) today announced the appointment of three key positions of the Jiangsu Lithium Carbonate Plant operational and business team; Mr Wang Xiao Yi (Jiangsu Operations Manager), Ms Ayigul Baghdati (Commercial & Export Manager) and Ms Laura Lu (Financial Controller).

Mr Wang Xiao Yi – Operations Manager

Mr Wang has 32 years experience in the production of lithium carbonate and worked at the Xingjiang Lithium Carbonate Plant, in China from 1975 to 2007. He was the Vice Plant General Manager of Xingjiang from 1992 to 1995. Mt Wang has also lithium carbonate marketing experience when he was responsible for product marketing for the last 12 years at Xingjiang.

Ms Ayigul Baghdati – Commercial & Export Manager

Ms Baghdati has 10 years experience in international import/export trade in China. She has had responsibilities including importing metals and materials from several countries (including spodumene from Australia), overseas and domestic logistics and lithium product sales. She received a university Degree in International Trade in Beijing before she joined the trading company division of Xinjiang You Se Group (Xinjiang Nonferrous Metals). She has been responsible for coordinating the raw material supply to the Xinjiang Lithium Carbonate Plant.

Ms Laura Lu – Financial Controller

Ms Lu has 13 years accounting experience specifically with western companies in the Zhangjiagang area. She is an accounting graduate from Jiang Su University of Science and Technology. Her previous role was Finance Manager looking after three manufacturing sites for German company, Wacker Chemical in Zhangjiagang. Other companies Ms Lu has worked for include Ciba specialty Chemicals (Jiangsu) Co., Ltd and Jiang Su SOPO Co., Ltd.

Managing Director, Iggy Tan said that the appointments mark the recruitment of very strong lithium carbonate operating and business experience in China. We are delighted to have a very experienced lithium carbonate operator in Mr Wang join the team.

“The Xingjiang plant which Mr Wang managed, currently purchases Australian spodumene from Talison and converts to lithium carbonate in exactly the same fundamental process as the proposed Galaxy Jiangsu Lithium Carbonate plant”.

“I would suggest that there isn’t anything Mr Wang doesn’t know about producing lithium carbonate in China”.

About Galaxy Resources Limited:

Galaxy is an industrial minerals company focusing on lithium and tantalum production. Galaxy has completed a definitive feasibility study (DFS) which suggests the Mt Cattlin Lithium / Tantalum project (Ravensthorpe, Western Australia) is commercially viable based on a processing rate of 1 million tonnes per annum over a 15 year mine life. The Company is planning to commence the development of the mine and the construction of the mineral processing plant in Q3 2009 with first concentrate production scheduled for Q3, 2010.

The company has also commenced a pre feasibility study into the value adding downstream production of lithium carbonate (Li2CO3). The company plans to establish a 17,000 tpa lithium carbonate plant in China due to lower associated capital and operating costs, as well as being close to the strategic growing battery markets in Asia.

Lithium concentrate and lithium carbonate raw materials are currently in short supply and face high future demand growth due to advances in long life batteries and sophisticated electronics in hybrid and electric vehicles, mobile phones and computers.

Iggy Tan
Managing Director
Tel: +61-8-9215-1700
Mob: +61-419-046-397


Galaxy Resources Limited

Copyright (C) 2009 ABN Newswire. All rights reserved.


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