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Market: TSX
Sector: General Mining
EPIC: TLH
Latest Price: 2.90  (-0.52% Descending)
52-week High: 4.99
52-week Low: 1.84
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Talison Lithium
www.talisonlithium.com

Talison Lithium mines and processes lithium bearing mineral spodumene at Greenbushes near Perth, Western Australia. The company produces a range of lithium concentrates that are distributed to a well-established global customer base, including China.

In September 2010, Talison Lithium merged with Salares Lithium Inc which gave it exposure to prospective lithium brine projects in Chile.

Full Talison Lithium profile here
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Talison Lithium’s Q2 Sales Soars 79%

14th Feb 2011, 3:02 pm by Phil Cheng
Talison Lithium’s Q2 Sales Soars 79%

Talison Lithium (TSE:TLH), one of the largest lithium producers in the world, said Monday its second quarter sales increased 79% year-over-year as production and tonnage sold increased. 


Sales for the period came in at roughly $32.9 million, when converted from the original reporting currency of Australian dollars.  The two currencies are about equal in value at the time of this report.   


Meanwhile, second quarter EBITDA increased 63% year-over-year to $7.2 million.  


The company did not report net earnings.


For the second quarter ended December, the company produced 83,548 tonnes of lithium concentrate, a 40% year-over-year increase, and sold 97,559 tonnes.  The sales volume was 54% higher than the year-ago period.


For the six months to date, the company had an EBITDA of $12 million, a 26% year-over-year increase.  Sales for the period increased 53% year-over-year to $54 million. 


Looking ahead, the company now expects lithium concentrate production to exceed 48,000 tonnes lithium carbonate equivalent.  The improved outlook is due to a successful production process improvement and early commissioning of the Stage 1 expansion at the Greenbushes Lithium Operations in Western Australia .


Talison also started the first drilling program at its Salares 7 Project in the Atacama Province, Region III, in Chile.


The company’s shares have edged upwards by roughly 0.2% to trade at $6.42 as of 2:42 pm EST.

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