trending Market Intelligence /marketintelligence/en/news-insights/trending/kx2fq9LVfzT_6sQCY6ffUg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Galaxy Resources flags up to US$185M impairment on Mount Cattlin in H1'19

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Galaxy Resources flags up to US$185M impairment on Mount Cattlin in H1'19

Galaxy Resources Ltd. flagged a noncash impairment of US$150 million to US$185 million in the first half following a review of its flagship Mount Cattlin lithium mine in Western Australia.

The write-down was attributed to mine development costs related to its acquisition of General Mining Ltd. and deferred tax assets arising from capitalized tax losses. It will not have any impact on cash flow, operations or banking covenants, the company said Aug. 7.

Galaxy noted that as of June 30, it had US$176.3 million in cash, US$27.2 million in marketable securities and no debt.

An August 2018 estimate for Mount Cattlin outlined a total resource of 97,000 tonnes of lithium oxide contained in 9.7 million tonnes grading 1.35% lithium oxide.

The company is said to be seeking a Chinese partner that can help build a 25,000-tonne-per-year lithium processing plant in China where spodumene concentrate from Mount Cattlin will be processed into either lithium carbonate or lithium hydroxide.