Talison Lithium Ltd fka TLH

[Pro-Life]

Talison Lithium Concludes Negotiations for H1 CY12 Sales and Achieves a 15% Price Increase for All Products
Marketwire - Mining and Metals | December 22, 2011

http://www.mining.com/2011/12/22/talison-lithium-concludes-negotiations-for-h1-cy12-sales-and-achieves-a-15-price-increase-for-all-products/

PERTH, WESTERN AUSTRALIA–(Marketwire – Dec. 22, 2011) -

First Half Calendar 2012 Sales

Talison Lithium Limited (“Talison” or the “Company”) (TSX:TLH) advises that it has concluded negotiations with its customers with regards to first half calendar 2012 sales. A price increase of 15% has been agreed with customers across Talison’s entire product range. Approximately 75% of sales for the period have been contracted with the balance to be sold to other customers who typically contract on a shipment by shipment basis.

Bunbury Port Congestion

Due to berth closures and unplanned Port outages there is currently significant congestion at the Port of Bunbury impacting all Port users. This may result in approximately 38,000 tonnes of Talison’s lithium concentrate sales that were ready at the Port for shipment earlier this month being delayed into early January 2012. A delay would reduce sales for the December quarter but is not expected to affect sales for the 2012 fiscal year.

1 Year Injury Free

Talison has recently passed an important milestone of one year lost time injury (LTI) free days at its Greenbushes Lithium Operations. This was achieved through the commitment of all employees and contractors towards safety. The milestone is especially notable as it was achieved during the presence of a large additional workforce on site as part of the current expansion of the Greenbushes Lithium Operations.


(for the complete release, click the above link)