Mining Company Signs Contract to Sell 200,000 Tons of Lithium for Project in Minas Gerais

AMG Mining Will Sell About 40,000 Tons of Lithium Per Year in Minas Gerais

Mining dams, deactivated since 2018, will be transformed into new mines for the production of valuable lithium, the metal used to make the best batteries currently on the market in Minas Gerais.

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AMG Mining Invests Over 650 Million

With a presence in Brazil for 73 years, AMG Mining – a subsidiary of the Dutch Advanced Metallurgical Group – is investing around R$ 650 million in the two phases of the Lithium Project at the industrial complex of the Volta Grande mine, on the border of the municipalities of Nazareno and São Tiago in Minas Gerais.

There, reserves amount to about 23 million tons of remaining pegmatite – a multi-mineral rock. Another manufacturing unit, in São João del Rei, produces tantalum and niobium oxides, special aluminum alloys, and also operates a Small Hydroelectric Plant (PCH).

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“In recent years, AMG’s investment has been around R$ 800 million, approximately US$ 230 million, both in lithium and in other projects within the company,” estimates AMG Mining’s president in Brazil, Fabiano Costa.

Mining Company Has Share for Better HDI

With nine AMG mining operations worldwide, the entire executive board of the company visited Minas Gerais for the inauguration of the Lithium Project plant.

“Situated in the State of Minas Gerais, knowing that we are generating more direct jobs, we believe that for every direct job, we create four indirect ones in the regions of São Tiago and Nazareno,” estimates the president of AMG in Brazil.

Despite being a very rich region, it has one of the lowest Human Development Indexes (HDIs) in Minas Gerais.