Atlantic Lithium, an Australian mining company, has temporarily suspended operations at its Ewoyaa lithium project in Ghana following a fatal accident earlier this week.
Authorities have been notified, and an investigation is underway to ascertain the incident’s circumstances.
The Ewoyaa project, which obtained a 15-year permit in October last year, is slated to become Ghana’s inaugural lithium operation. Approximately half of the lithium extracted at Ewoyaa will be shipped to a refinery owned by Piedmont Lithium, a US-based company and Atlantic’s second-largest shareholder, which has committed substantial funding for the mine’s development.
Atlantic Lithium plans to produce 3.6 million tonnes of spodumene concentrate over 12 years, equating to an annual output 350,000. According to the company, this production volume would rank Ewoyaa as the world’s 10th-largest lithium project.
Atlantic Lithium currently boasts a market capitalization of £123 million ($156 million).
