Research and development in Melbourne’s outer suburbs is paving the way for a unique new mineral with the potential to supply a significant portion of global demand for lithium and borates.
Rio Tinto’s Technical Development Centre in Bundoora, in collaboration with the company’s team of global experts, is developing a new chemical procedure to process Jadarite, a mineral discovered in 2004 with concentrations of lithium and boron, known only to occur at Jadar in Serbia.
Lithium is used to produce batteries for electric vehicles and mobile phones, while borates are essential components for heat-resistant glass, fibreglass and smartphone screens.
The Bundoora technical centre, only 16km from Rio Tinto’s Melbourne HQ, is using groundbreaking methods to reduce Jadarite to its component parts and, with demand for lithium rising globally, the project has the potential to make a significant contribution to human progress across the globe.
Rio Tinto’s Group Executive – Growth and Innovation, Stephen McIntosh described Rio Tinto’s Bundoora site as having an essential role in its global business.
“Our Bundoora Technical Development Centre was established more than 25 years ago. It has a proud history of applying innovative thinking to help us to maximise value in our business,” said Mr McIntosh.
“The centre is actively involved in applying technical expertise to improve how we find, study, build, optimise and close our operations.”
Victoria has multibillion-dollar METS sector ranging from cutting-edge machinery manufacturers to engineering consultancies.
Demonstrating Victoria’s METS companies are supporting the delivery of global mining solutions, Rio Tinto has built a pilot processing plant within a large shipping container to be relocated to the Serbian mine site should the project proceed to production.
Victorian companies have provided services to enable the running of the plant, analysis of results as well as the onsite assembly.
IMARC presents opportunities for global mining projects to connect with innovative Australian METS companies.
IMARC is also connecting local businesses with global leaders in the resources sector, potentially driving new trade and investment.