Orocobre advances Argentine lithium project

Newswire

TORONTO, Dec 28 (Reuters) - Lithium exploration company Orocobre said it is making progress on its flagship Olaroz lithium-potash project in Argentina and expects construction to begin in second quarter of 2012. Brisbane, Australia-based Orocobre and its partner on the project, Japanese trading firm Toyota Tsusho Corp, have chosen Mizuho Corporate Bank as the lead arranger for the debt component of the project financing. Debt will fund about 60 percent of the projected $207 initial ...

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