Wednesday, June 27, 2012 3:56:54 AM
OROCF Orocobre Receives Expert Committee Approval to Develop the Olaroz Lithium Project and Enters Into Agreement With JEMSE
BRISBANE, AUSTRALIA, Jun 27, 2012 (MARKETWIRE via COMTEX) -- Orocobre Limited ("the Company") (ASX: ORE)(TSX: ORL) is pleased to report on two major developments on its flagship Olaroz lithium-potash project ("Olaroz Project") in the Province of Jujuy, north-west Argentina.
Earlier today, Chairman James Calaway, Managing Director & CEO Richard Seville and General Manager Jose de Castro met with Argentina's President Cristina Kirchner, Jujuy Governor Eduardo Fellner, representatives of national and provincial governments, and local communities to present the Olaroz Project. Prior to that meeting, Orocobre received confirmation that the Olaroz Project had been approved by the Expert Committee responsible for assessing lithium projects in Jujuy province. It was also announced at the meeting that Orocobre has entered into a binding agreement with Jujuy Energia y Mineria Sociedad del Estado ("JEMSE"), the recently formed mining investment company owned by the provincial Government of Jujuy in Argentina, whereby JEMSE will hold an equity interest in the Olaroz Project and will provide assistance as needed during the project's development
BRISBANE, AUSTRALIA, Jun 27, 2012 (MARKETWIRE via COMTEX) -- Orocobre Limited ("the Company") (ASX: ORE)(TSX: ORL) is pleased to report on two major developments on its flagship Olaroz lithium-potash project ("Olaroz Project") in the Province of Jujuy, north-west Argentina.
Earlier today, Chairman James Calaway, Managing Director & CEO Richard Seville and General Manager Jose de Castro met with Argentina's President Cristina Kirchner, Jujuy Governor Eduardo Fellner, representatives of national and provincial governments, and local communities to present the Olaroz Project. Prior to that meeting, Orocobre received confirmation that the Olaroz Project had been approved by the Expert Committee responsible for assessing lithium projects in Jujuy province. It was also announced at the meeting that Orocobre has entered into a binding agreement with Jujuy Energia y Mineria Sociedad del Estado ("JEMSE"), the recently formed mining investment company owned by the provincial Government of Jujuy in Argentina, whereby JEMSE will hold an equity interest in the Olaroz Project and will provide assistance as needed during the project's development
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