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Salt Mining News

2 articles about salt mining

Lithium Argentina, Ganfeng sign agreements to finalise PPG JV

<p></p> <p>In a significant move for the global lithium sector, Lithium Argentina and China's Ganfeng Lithium have finalized definitive agreements to establish the Pozuelos-Pastos Grandes (PPG) joint venture in Salta Province, Argentina. This collaboration, set to create an ambitious 150,000 tonnes per annum (tpa) lithium carbonate equivalent (LCE) operation, includes a $180 million convertible note investment from Ganfeng into Lithium Argentina, fortifying the latter's balance sheet and extending its debt maturity profile. The JV consolidates key brine assets into a single basin-wide development, signaling a strategic acceleration of lithium production in the renowned "lithium triangle."</p> <p>

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Underground LDES: turning mines and caverns into energy storage

As global energy grids increasingly integrate intermittent renewable sources, the demand for long duration energy storage (LDES) is accelerating a shift towards innovative subterranean solutions. This article delves into how repurposed mine shafts and salt caverns are becoming critical infrastructure for LDES, specifically through Compressed Air Energy Storage (CAES) and Underground Gravity Energy Storage (UGES). Experts from Storelectric and Green Gravity discuss the technical and economic merits of these approaches, highlighting their potential to overcome limitations of conventional battery technologies and revitalize former mining assets.

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