Connect with us

Hi, what are you looking for?

Core Lithium Lithium Finnis Project
Core Lithium's Finniss Lithium Project is located just south of Darwin Port in the Northern Territory.


Tesla & the Diggers in Australia

This new mine will further cement Australia’s position as the largest producer and exporter of Lithium in the world.

The legend says that Australian soldiers got nicknamed “the diggers” during World War I because of the engineering prowess displayed at the ill fated Gallipoli campaign. 

Now, that prowess is once again on display at Core Lithium’s Northern Territory Finniss Project (mine). Yahuna, a key lithium supplier to Tesla has signed a 4 year offtake agreement to access the 150 million tons of the white gold the mine will produce.

“The project and FID (Final Investment Decision) are underpinned by high-grade lithium deposits that have the potential to support long term lithium supply from northern Australia, quality lithium offtake partners and a highly engaged and supportive NT government,” Managing Director Stephen Biggins said.

This new mine will further cement Australia’s position as the largest producer and exporter of lithium in the world. As more and more materials that support the electric vehicle revolution and the transition to solar and wind generation, supported by batteries, are mined in Australia, I would hope that the thermal coal industry will assume a diminishing role in our export portfolio and hence assert less influence over our politicians and their policy decisions. 

Remember when EVs first started to make their presence felt, and so many people predicted failure because of how “rare” lithium was. Then there was prediction of a lithium glut, and then a shortage. Amazing what you can find when you go looking for it. The mining industry is transitioning, even if the federal government isn’t.

We’ve still got a long way to go, according to Google. In financial year 2020, around 1.09 billion Australian dollars worth of lithium were exported from Australia. In the same year, the export value of coal from Australia was approximately 54.62 billion Australian dollars.

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

David Waterworth is a retired teacher who divides his time between looking after his grandchildren and trying to make sure they have a planet to live on. He is long on Tesla [NASDAQ:TSLA].


You May Also Like

Green Economy

Deep sea mining, carbon capture, and geoengineering. Three ideas that treat the symptoms but not the cause of global warming.

Clean Transport

Last year, I shared the lesser-known story of the first electric Minis. For most people, the first electric Mini was the one revealed around...

Clean Transport

Elon Musk spent much of last year selling off Tesla stock, though he remains the company’s largest individual stakeholder. However, despite a disdain for...

Clean Transport

Campus-based operations such as mines are some of the best places for utilizing electric vehicles. The nature of their operations often revolve around regular,...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.