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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World S.Korean firms sign deal on Argentine lithium project AFP - Saturday, June 5 Send IM Story Print S.Korean firms sign deal on Argentine lithium project SEOUL (AFP) - – A consortium of South Korean firms has signed a joint venture with a Canadian mining firm to explore lithium ore in Argentina, a report said Saturday. The deal marks the first time that South Korean companies have participated in the overseas exploration of lithium, Yonhap news agency said. The consortium will own a combined 30 percent stake in the Sal de Vida lithium brine project in northwest Argentina, it said. The deal was signed Friday in Seoul between Canada's Lithium One Inc and three Korean firms -- GS Caltex, LG International Corp and the state-run Korea Resources Corp (KORES), Yonhap said. The consortium's initial investment in the project will be 15 million dollars, it said. If the project is successful, the mine will be able to produce 12,000 tons a year of lithium carbonate, a colourless salt widely used in the manufacture of ovenware, ceramic glaze and tile adhesives, a KORES official told Yonhap. South Korea could secure 6,000 tons, the official said, higher than its annual lithium imports. Recommend Send IM Story Print Related Articles G20 set to disagree on banking reform AFP - 1 hour 35 minutes ago S.Korean firms sign deal on Argentine lithium project AFP - Saturday, June 5 G-20 agrees to advance reforms, rebalance growth AP - Saturday, June 5 G-20 finance chiefs mull deficits, banking rules AP - Saturday, June 5 Honda says Chinese labor dispute has been settled AP - Saturday, June 5 News Search Top Stories Aid ship intercepted by Israeli troops: Gaza committee US employment report sparks global recovery fears Nadal calls truce with title rival Soderling Dow hits four-month low on weak jobs report US stocks plunge, Dow down over 3.0 percent More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Cricket sex video reveals wild mating behavior McDonald's recalls 12 mln tainted 'Shrek' glasses Russia finds 10,000 bombs on sunken German ship 'Mars crew' locked up for 520 days of isolation US employment report sparks global recovery fears More Most Viewed » Hubble catches planet being devoured by its star The point about pain: New study sheds light on acupuncture Ocean fish could disappear in 40 years: UN Paris museum burglar grabs 120-million-dollar art haul US team creates first 'synthetic life' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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