08:27 AEST Mar 25, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.
Perth, Australia (ABN Newswire) -
Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is pleased to announce that, together with Swan Energy Pty Ltd ('Swan Energy'), it was awarded the Energy Generation and Distribution Award by the Sustainability Energy Association of Australia. The award ceremony, recognising sustainable energy excellence and innovation, was held in Perth last night.
Galaxy received the award for the installation of state-of-the-art solar tracking technology at its Mt Cattlin project near Ravensthorpe in Western Australia.
Mt Cattlin is the first mine site in Australia to have real-time solar tracking panels as part of its power generating requirements. The solar tracking feature means the solar panels are able to follow the sun in all directions to maximise the power generated and provides 15% more power than a single axis systems.
The Company has 14 giant solar trackers and 2 wind turbines in operation at its Mt Cattlin lithium mine and processing plant, which together generate 226 MWh per year of renewable energy.
The panels and turbine system was designed by Australian renewable energy suppliers Swan Energy.
The wind and solar hybrid system supplements power from Galaxy's 5MW diesel generator, which accounts for, on average, about a sixth of the mine site's daily power. This system also promotes savings in CO2 emissions to the tune of 200 tonnes per year.
Galaxy Resources Managing Director, Iggy Tan, said: 'The Company is honoured to be recognised for its renewable energy programme and to be a part of the push to get the mining industry to use more renewable energy for its power requirements.'
About Galaxy Resources Limited:
Galaxy Resources Limited (ASX: GXY) (PINK: GALXF) is an emerging mining and chemical company focusing on lithium and tantalum production. Galaxy is at an advanced stage of developing its Mt Cattlin Lithium Project (hard rock spodumene) in Ravensthorpe, Western Australia. The Project encompasses a mine and minerals plant which will produce 137,000 tpa of 6% Li2O spodumene concentrate. Galaxy intends to add value to the Mt Cattlin Project by establishing its own downstream lithium processing facilities in China.
The Company is finalising plans to establish a lithium carbonate chemical facility in Jiangsu Province, producing 17,000 tpa of lithium carbonate.
Contact:
Iggy Tan
Managing Director
Galaxy Resources Limited
Tel: +61-8-9215-1700
Email: ir@galaxylithium.com
http://www.galaxylithium.com
