That puts the project in the northern Montalegre area near the Spanish border and with a planned investment of 650 million euros.
Aerial view of the traditional village of Pitoes das Junias and the surrounding agricultural fields, in the Norhern Region of Portugal. Stock image.
That puts the project in the northern Montalegre area near the Spanish border and with a planned investment of 650 million euros , in the lithium mining race in Portugal, along with London-based Savannah Resources which had also rWith more than 60,000 tonnes of known lithium reserves, Portugal has been seen central to Europe’s efforts to secure more of the battery value chain and cut reliance on imports.
Lusorecursos was awarded a mining concession in March 2019 but the start of the project was dependent on the final approval of the environmental impact assessment. “Similar to what has already occurred in other projects, the assessment developed took into account the strategic interest of lithium,” it said, adding that the municipality of Montalegre will receive 75% of the royalties.
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Portugal's Lusorecursos gets final environmental OK for lithium minePortugal's environment agency APA has given its final approval for local company Lusorecursos to extract battery-grade lithium in what would be the country's first such mine, expected to start producing by end-2027, APA said on Thursday. That puts the project in the northern Montalegre area near the Spanish border and with a planned investment of 650-million euros ($696-million), ahead in the lithium mining race in Portugal. London-based Savannah Resources has so far received a conditional go-ahead for its own Barroso openpit mine. With more than 60 000 t of known lithium reserves, Portugal has been seen central to Europe's efforts to secure more of the battery value chain and cut reliance on imports.
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