Breaking News

Sulzer Confirms Merger Talks With Dresser-Rand
Tweet TWEET

Orocobre Limited: Borax Argentina Develops Nuclear Grade Boric Acid

Orocobre Limited: Borax Argentina Develops Nuclear Grade Boric Acid 
BRISBANE, AUSTRALIA -- (Marketwire) -- 03/19/13 -- Orocobre Limited
(TSX:ORL)(ASX:ORE) ("Orocobre" or "the Company") is pleased to
announce the development of a new chemical product by Borax
Argentina. 
Earlier this month Borax Argentina SA made the first shipment of
Boric Acid HPN (High Purity Nuclear) Grade to a customer in Brazil.
Boric Acid HPN is a new refined chemical product developed by Borax
Argentina over the last six months with characteristics of high
purity (greater than 99.9%) and low levels of key impurities such as
iron, sodium, chlorine, sulphur. Heavy metal levels are less than one
part per million. The high boric acid content and low impurity levels
makes the product suitable for use in nuclear power plants. Boric
acid is used in nuclear power plants to slow down the rate at which
fission is occurring.  
The development of this new product reinforces the inherent
flexibility in the Borax Argentina operation and highlights the
ability of the business to produce new specialist high specification
products for high value niche markets. Boric Acid HPN will form an
integral part of the product portfolio as Borax Argentina becomes
more geographically diverse by growing its presence in key
international markets.  
This follows on from the recent development of a high grade
hydroboracite product for the agriculture market. Richard Seville,
Managing Director of Orocobre said, "This is another great example of
innovation by the Borax Argentina business and fits with our strategy
to expand sales into new markets and new geographical regions." 
Paul Crawford, Company Secretary 
About Orocobre Limited  
Orocobre Limited is listed on the Australian Securities Exchange and
Toronto Stock Exchange (ASX:ORE)(TSX:ORL), and is building a
substantial Argentinian-based industrial minerals company through the
construction and operation of its portfolio of lithium, potash and
boron projects and facilities in the Puna region of northern
Argentina. The Company is building in partnership with Toyota Tsusho
Corporation the first large-scale, "greenfield" brine based lithium
project in 20 years at its flagship Salar de Olaroz resource, with
projected production of 17,500 tonnes per annum of low-cost battery
grade lithium carbonate scheduled to commence in Q2 2014. The Company
also wholly-owns Borax Argentina, an important regional borate
producer. Orocobre has recently been included in the S&P/ASX 300
Index and was named 2012 Mining Company of the Year by Argentine
mining magazine Panorama Minero and the Fundacion para el desarrollo
de le Mineria Argentina ("Fundamin" or Foundation for Development of
Argentina Mining). For further information, please visit
www.orocobre.com. 
Caution Regarding Forward-Looking Information 
This news release contains "forward-looking information" within the
meaning of applicable securities legislation. Forward-looking
information contained in this release includes, but is not limited
to, the draw down of finance for the Olaroz Project, the completion
of construction at the Olaroz Project and the timing thereof, the
commencement of commercial production at the Olaroz Project and the
timing thereof, the cost of construction relative to the estimated
capital cost of the Olaroz Project, the design production rate for
lithium carbonate and potash at the Olaroz Project, the expected
brine grade at the Olaroz Project, the expected operating costs at
the Olaroz Project and the comparison of such expected costs to
expected global operating costs, and the ongoing working relationship
between Orocobre and the Province of Jujuy. 
Such forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause actual results
to be materially different from those expressed or implied by such
forward-looking information, including but not limited to the risk of
further changes in government regulations, policies or legislation;
the possibility that required concessions may not be obtained, or may
be obtained only on terms and conditions that are materially worse
than anticipated; the risk that the conditions precedent to draw down
the project financing with Mizuho Corporate Bank will not be met;
that further funding may be required, but unavailable, for the
ongoing development of the Company's projects; fluctuations or
decreases in commodity prices; uncertainty in the estimation,
economic viability, recoverability and processing of mineral
resources; risks associated with weather patterns and impact on
production rate; risks associated with construction and development
of the Olaroz Project; unexpected capital or operating cost
increases; uncertainty of meeting anticipated program milestones at
the Olaroz Project; general risks associated with the feasibility and
development of the Olaroz Project; as well as those factors disclosed
in the Company's Annual Information Form for the year ended June 30,
2012 filed at www sedar.com. 
The Company believes that the assumptions and expectations reflected
in such forward-looking information are reasonable. Assumptions have
been made regarding, among other things: the timely receipt of
required approvals and completion of agreements on reasonable terms
and conditions; the ability of the Company to obtain financing as and
when required and on reasonable terms and conditions; the prices of
lithium and potash; and the ability of the Company to operate in a
safe, efficient and effective manner. Readers are cautioned that the
foregoing list is not exhaustive of all factors and assumptions which
may have been used. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update
any forward-looking information, except in accordance with applicable
securities laws. 
ABN 31 112 589 910
Contacts:
Australia and Asia: Orocobre Limited
David Hall
Business Development Manager
M: +61 7 3871 3985
dhall@orocobre.com 
North America: Orocobre Limited
James Calaway
Chairman
M: +1 (713) 818 1457
jcalaway@orocobre.com
 
 
Press spacebar to pause and continue. Press esc to stop.