Orocobre suspends operations
Orocobre is halting operations at its Argentine operations as the country grapples with COVID-19.
"The government of Argentina enacted the Decree of Necessity and Urgency (DNU) #297/20 on March 19, 2020 requiring a national mandatory quarantine including prohibition of circulation of citizens and movement of personnel and supplies within the country," wrote the company. "Consequently, the Olaroz Lithium Facility (Olaroz) has moved operations to care and maintenance. Plans are being developed to ensure that when quarantine restrictions are lifted production will recommence within a week."
Orocobre said that Olaroz currently holds sufficient stock to meet customer orders until the end of April depending upon the recommencement of operations by customers in Asia and Europe. Supply to customers will remain dependent upon the ability to transport and export product from the Olaroz site to ports in Argentina and/or Chile.
Orocobre has also suspended all development operations related to its Stage 2 Expansion project.