BRISBANE, AUSTRALIA, Jun 19, 2011 (Marketwire WIRE – Administration Orocobre Ltd. (ASX: L'Osservatore Romano is pleased to announce that the Mining Environmental Management Unit ("UGAMP" has approved the addendum to the Environmental Impact Statement Salt Olaroz for lithium potash project. UGAMP committee is composed of twelve members from various government departments, stakeholders and local communities that reviews EIA for mining projects before approval by the Provincial Director of Mines and Energy.
The addenda updated Environmental Impact Statement approved in advance the results of large engineering company and design efforts made during the recently completed feasibility study final. Furthermore, additions addressed the development of gas pipeline to meet the energy needs of the operation.
Orocobre CEO, Richard Seville, said: "Although yet to complete high school approval process under the Provincial Act announced on March 4, we are pleased with the strong support of local communities in this approval UGAMP and see this approval and the continuing development of positive relationships with the government of Jujuy and other stakeholders. We remain confident that our work and the support they are generating locally, lead to an early final approval to build our project of lithium carbonate. "
About Orocobre Limited
Orocobre Limited is listed on the Australia Stock Exchange and the Toronto Stock Exchange (ASX: L'Osservatore Romano, is a leading developer of lithium-potassium, lithium and potassium in the Puna region rich in Argentina
This new release contains forward-looking statements within the meaning of Canadian securities legislation. Specifically, this press release contains forward-looking statements relating to the use of funds from the offer. Forward-looking statements are based on certain key expectations and assumptions made by Orocobre, including assumptions about the timing of development, construction, and production of the Salar de Olaroz project, expectations and assumptions management believes it is reasonable Orocobre in this time. Although Orocobre believes that the expectations and assumptions on which such forward-looking statements are reasonable based on the date of this press release, undue reliance should not be placed in the forward – looking statements and information as Orocobre can give no assurance that they prove to be correct. Since forward-looking statements address future events and conditions, by their nature, involve inherent risks and uncertainties. The intended use of proceeds of the offering by Orocobre may change if the Board of Directors determines that it would Orocobre in the best interest of Orocobre applying proceeds from the offering for any other purpose. Statements subject to risks and uncertainties contained in this release are made as of the date hereof and Orocobre assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
ABN 31112589910
Contacts: Australia and Asia Limited Orocobre Richard Seville CEO +61 7 3871 3985 or +61 338 419 916 M FD Third Person Gemma Young +61 8 9386 1233 or M 61412349345 gemma.young @ fdthirdperson.com.au North America Limited Orocobre James D. Calaway President +1 713 366 0301 or +1 713 818 1457 M www.orocobre. Jessica Wagner FD com +1 312 861 4707 or M + 1 646 258 7439 Jessica.wagner @ fd.com
SOURCE: Orocobre Limited
mailto: @ gemma.young fdthirdperson.com.au http://www.orocobre.com mailto: Jessica.wagner @ fd.com
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