JOHANNESBURG – Thakadu Battery Materials on Thursday made its first drawdown under an R152 million loan facility agreement between its operating subsidiary Lonix, and the Industrial Development Corporation for the completion of its nickel sulphate purification plant.
In 2016, Thakadu announced it would be constructing an R250 million high-purity battery-grade nickel sulphate plant at Lonmin's base metals refinery in North West after the platinum-mining company agreed to supply its crude nickel sulphate stream to the former.
More than 60 permanent jobs are expected to be created once the plant is fully operational, with an additional 200 employment opportunities during construction.
Thakadu said that on-site, civil and building works were at an advanced stage with overhead cranes load tested and ready for modular plant installation.
The first row of process modules has been completed and tested at the fabrication workshop after the construction of the modular plant began in early June at Styria Stainless Steel in Wadeville, Johannesburg.